Bank Negara Malaysia said it was taking action against an unnamed financial institution for failing to promptly notify the central bank of its dealers’ misconduct involving the fixing of the dollar-ringgit exchange rate.
The dollar inched higher against the yen and a handful of other major currencies in trade curtailed by holidays in financial centres in Europe and Asia.
Greenback surges to 14-year high in wake of Trump win and Fed move, making US goods more expensive abroad.
The pound faces a rollercoaster ride next year as policymakers start the process of leaving the European Union, analysts have warned.
Currency policy is a top priority of Premier Shinzo Abe’s administration in creating a favorable business environment for Japanese companies, the country’s top government spokesman told the Nikkei newspaper in an interview.
The onshore yuan’s surging trading volume is another piece of evidence that capital is fleeing China at a faster pace.
RBS and Barclays, two very large FX dealers, are undercapitalized according to the Bank of England.
Among the losers, the Argentine peso, the Mexican peso and the Turkish lira are in a tight three-horse race for the bottom of the EM currency barrel.
One fact remains front and center and that is unstable currency markets can be a precursor to massive shifts in value and a sudden drop in confidence.
Does the world need a worldwide single acceptable currency?
The world of blockchain based currencies and financial instruments is quite likely the most challenging field in business to summarize on a yearly time scale.
Some influential people in the president-elect’s sphere say big lenders should maintain higher capital in return for scaling back some regulations.
Donald Trump’s new regulatory adviser has voiced need for Dodd-Frank provision, but has also said regulations on banks are ‘too much’.
The Bank of Israel reportedly intervened in foreign currency trading and bought an estimated $300 million in foreign currency, thus weakening the shekel.
The Reserve Bank of India deserves all credit for maintaining stability in the economy’s most volatile phase since the financial crisis of 2008.
The EUR/USD exchange rate will not reach parity and USD/JPY will fall says UBS for its Global Top FX Trades for 2017.
NAVcoin developers release NAVtech in what some are saying is the first truly anonymous cryptographic transaction system.
The South Korean won touched a nine-and-a-half-month low against the dollar, with most Asian currencies retreating as a rise in US bond yields helped bolster the greenback.
The rupee weakened by 10 paise to 67.84 against the US dollar in early trade at the interbank foreign exchange on month-end dollar demand from importers amid capital outflows.