MiFID II

Mifid II Goes in effect next week

It’s been on the minds of fund managers and bankers alike, the new European regulatory guideline MiFID II, which is short for Markets In Financial Instruments Directive Level II, goes into effect as of January 2018.

It are rules that financial institutions across the European Economic area (of which 31 countries are part) must adhere to if they wish to sell investment products or provide advice to clients.

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Euro heads into 2018 at one month highs

The euro is trading up 0.3% against the dollar at around $1.1930 against the US Dollar after rising as high as $1.1946 earlier on Thursday as the US Treasury yields fall helped the pair to overcome the trendline support in its crawl higher.

Ddollars

Dollar slips to 4-week low

The dollar slipped to a four-week low against a basket of currencies on Thursday, kept under pressure by a recent dip in U.S. 10-year bond yields, while volatile bitcoin came under renewed pressure after a 30 percent fall in less than two weeks.

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