• Sun
  • Sep 21, 2014
  • Updated: 5:43am

Foreign Exchange

Deutsche Bank fires three currency traders amid regulatory probe

Deutsche Bank has fired three New York-based currency traders, in the latest sign that a probe into alleged manipulation of foreign exchange markets is gathering steam, according to a source familiar with the situation.

Wednesday, 5 February, 2014, 12:46pm

New CIC sovereign fund boss faces greater challenges

The new boss of China Investment Corp, the mainland's US$480 billion sovereign wealth fund whose chairmanship had been vacant for about five months, faces two immediate challenges - making more money from the fund's overseas investments and finding additional capital.

3 Jul 2013 - 7:53am

Britain urged to probe currency rate rigging

Britain should investigate the manipulation of currency rates, European Union officials said, after Bloomberg reported that traders have been rigging foreign exchange benchmarks for more than a decade.

14 Jun 2013 - 3:49am

RBNZ will scale up FX intervention if needed - Wheeler

The Reserve Bank of New Zealand may sell more New Zealand dollars if the currency continues to climb, Governor Graeme Wheeler said on Thursday, adding that such operations would have muted impact given the central bank’s limited firepower.

30 May 2013 - 10:48am

Taiwan curbs bullish bets as local dollar rises

Taiwan's central bank reduced the daily cap on the net US dollar short position that can be held by each bank to US$5 million from US$10 million, according to Spencer Lin, director general of foreign exchange.

24 May 2013 - 3:47am

Stronger yuan, fear of forex losses hurting exporters

Fast yuan appreciation has hurt exporters, the Ministry of Commerce said, adding the country's trade outlook is clouded by uncertainties despite the recent upbeat growth.

17 May 2013 - 6:15am

Slowing down the yuan

Derivatives traders are scaling back bets that the yuan will appreciate, as record capital inflows prompt mainland authorities to investigate possible fraud relating to export data and to require banks to boost their holdings of foreign exchange.

17 May 2013 - 4:06am

Big rally in Asian currencies signals 'sell'

The biggest rally in Asian currencies since September is a sell signal to two of the world's largest foreign-exchange trading firms, as the region's economic growth increasingly falls short of forecasts.

9 May 2013 - 4:39am

Yen hits 47-month low vs dollar, focus on 100 threshold

The yen pushed deeper into multi-year lows versus the dollar and euro on Tuesday as the market saw every reason to sell the currency with the Japanese central bank on a warpath to battle deflation.

9 Apr 2013 - 11:41am

Japan cast as villain in global currency war drama

Japan is being cast as the villain in a heated currency drama, accused of driving down the yen’s value to shore up its fragile economy, as a statement from financial powers fails to reassure markets ahead of G20 talks.

14 Feb 2013 - 2:14pm

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