Top Headlines

JP Morgan Settles Currency Manipulation Lawsuit in US – Reuters
JP Morgan has become the first bank to settle a US antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market. The largest US bank will pay about $100 million, a person familiar with the matter said. Lawyers for the bank and the investors said a settlement had been reached in a letter filed on Monday with the US District Court in Manhattan.

• JP Morgan Settles Forex Manipulation Lawsuit – Financial Times (subscription)

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Top Headlines

Euro Falls to Nine-Year Low Amid Greece Woes – Financial Times(subscription)
The euro briefly sunk to a nine-year low against the dollar on Monday on the back of a disputed report that Germany was prepared to allow Greece to quit the currency bloc and more hints the European Central Bank is preparing to buy government bonds.

• Euro Drops to Lowest Level in Almost Nine Years on ECB-Easing Talk –MarketWatch
• Euro Falls to Nine-Year Low; Greece and ECB in Focus – Reuters

A New Fix Era – Profit & Loss (subscription)
As WM strives to alter its fixing methodology in line with the recommendations of the FSB’s FX Benchmark Group, in a Squawkbox exclusive, FXBG co-chairs Guy Debelle and Paul Fisher answer Colin Lambert’s questions over the recommendations.

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