Barclays Trader Fired Amid FX Probe Is Third to Lose Lawsuit

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Barclays Trader Fired Amid FX Probe Is Third to Lose Lawsuit – Bloomberg

A Barclays trader fired amid a global probe into foreign-exchange market manipulation lost his lawsuit against the bank after a judge ruled the lender was right to dismiss him for revealing confidential information to rivals and using sexually explicit, racist language in online chats.

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Dollar Firm After Bounce from Lows, Yuan Slips on China Downgrade

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Dollar Firm After Bounce from Lows, Yuan Slips on China Downgrade – Reuters

The dollar held firm, having rebounded from 6½-month lows against its major peers helped by a rise in US Treasury yields, while the yuan eased after Moody’s cut its sovereign rating on China due to concerns over the country’s soaring debt.

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