Posts Tagged ‘FX’

FX Firms’ Employees Helping FCA And FBI To Investigate Forex Probe

by Forex Rooton September 15, 2014 12:20 pm BST
Britain’s Financial Conduct Authority (FCA) and U.S. regulators are investigating allegations that dealers at major banks colluded and manipulated key reference rates in the $5.3 trillion-a-day foreign currency market, the world’s biggest and least regulated. Investigators from the U.S. Justice Department and Federal Bureau of Investigation (FBI) are preparing to seek criminal charges against individual […]

Euro Steadies After Dip on Portuguese Bank Nerves

by Forex Rooton July 11, 2014 12:07 pm BST
Major currency markets were steady in Europe on Friday, having ridden out a day of ructions on European stock markets with only minimal moves on the euro and yen. Strategists were skeptical of whether concerns about Portuguese bank BES would prove the trigger for an immediate change in market tone away from the steady, low […]

China To Reduce Its Intervention In The FX Market

by Forex Rooton July 10, 2014 12:10 pm BST
U.S. and Chinese leaders have agreed that China will reduce its intervention in the currency market when conditions are ripe, reaching an understanding on a prickly issue that has hurt ties between the world’s two biggest economies for years. China’s Central Bank Governor Zhou Xiaochuan said on the sidelines of annual high-level talks between the […]

FX Trading Volumes Over $5 Trillion in June

by Forex Rooton July 9, 2014 7:16 pm BST
Average daily volumes in the global foreign exchange market surged by over $500 billion in June, data from FX settlement system CLS showed, suggesting a bounce-back for the world’s largest and most liquid market. The number of transactions through the system, which is used almost universally by the banking industry to process or settle trades, […]