FX traders at some of the world’s largest banks have been given the cold shoulder in response to the ongoing FX rates scandal. Reports in…
Posts published in November 2013
After the Demise of Liberty Reserve, Co-Founder Vladimir Kats Pleads Guilty to Multiple Related Charges
As part of the story that received wide coverage who relied heavily on the 3rd party provider of payments, Liberty Reserve and the aftermath that…
US Dollar Heads Higher
Greenback is heading higher today as economic data from around the world prompts interest in the US dollar, and as many re-think what’s happening in eurozone. US dollar index is higher, and the greenback…
Euro Continues to Slide on Rate Cut Possibilities
Euro continues to slide today, following a rather dramatic drop earlier. Expectations that the European Central Bank will have to take action regarding the slow-moving eurozone economy are rising, and a rate…
Aussie Rises on Domestic & Chinese Data
Good macroeconomic reports from China did not help Asian currencies, most of which remained subdued, but boosted the Australian dollar. The Aussie rose a little after yesterday’s decline also…
Yuan Little Changed After Manufacturing Reports
The Chinese yuan was little changed today against the US dollar even as both government and private reports showed an expansion of the nation’s manufacturing sector. The China manufacturing Purchasing Managers’ Index rose…
TFX Overall Volumes Down 7% in October
After a bleak episode of declining volumes during the summer months, Tokyo’s leading derivatives exchange, the Tokyo Financial Exchange (TFX), has reported lower trading activity…