Menu Close

Articles on Foreign currency

Displaying all articles

London’s financial district at night. Gordon Williams/Unsplash

LIBOR: elections, manipulations – and a possible fix

The London Interbank Offered Rates is one of the world’s key financial tools, but the 2008 rigging scandal has led to calls for its being phased out. Can we find better ways of building the LIBOR rate?
Markets plunged after the UK voted to exit the EU. Africa’s trade relations with both the EU and UK will be affected by the decision. Reuters/Kevin Coombs

African exporters face choppy waters in the wake of Brexit

Emerging market countries that rely heavily on commodity exports will be hit hardest by Britain’s decision to leave the European Union.
Six global currency-dealers have agreed to pay a total of US$4.3 billion to regulators in the US, UK and Switzerland. Image sourced from www.shutterstock.com

The fix is in: how banks allegedly rigged the US$5.3 trillion foreign exchange market

Suppose you’re in the supermarket shopping for groceries. While you’re strolling the aisle with your cart, a shadowy figure looms over your shoulder and changes the prices on the items you want to buy…
In the eye of the beholders, dollar dominance rules. http://www.welovecostarica.com/watching/

Why dollar dominance is secure despite growth of global rivals

In imploring the world to be less dependent on the US dollar for international transactions, French finance minister Michel Sapin is expressing a wish that many of the euro’s creators hoped would already…
How much for a dollar? EPA

A centralised currency exchange will stop forex rigging

Politicians and regulators in charge of our foreign currency markets can’t see the wood for the trees. Even the banks themselves recognise allegations the world’s largest financial market has been rigged…
It’s hard to keep track of all this currency. epSos.de

Changing traders and tech won’t stop currency rigging

Authorities in New York have announced they are launching an investigation into the manipulation of the world’s biggest financial market – the US$5.3 trillion a day traded in currencies. New York regulators…
Small changes to currency can have a big impact. @Doug88888

If foreign exchange markets are rigged, the solution is simple

In the latest big scandal to hit the banking sector, regulators around the world are investigating whether foreign exchange markets have been rigged. At least seven major banks have been caught up in the…

Top contributors

More