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| Ex-HSBC Currency Trader Mark Johnson Sentenced to 2 Years in Prison Former HSBC Holdings Plc currency trader Mark Johnson, the first person to be convicted in a global crackdown of currency rigging, was sentenced to two years in a U.S. prison as a judge turned aside his request for home detention in the U.K.. He was immediately taken to prison. A federal jury found ...
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| Brazil Traders Just Made a Huge Bet in Currency Options Market Brazil options traders seem to be gearing up for a sudden surge in currency volatility. Investors bought $1.4 billion of contracts Tuesday that will pay off if the real swings significantly over the next week from its current price near 3.5 per dollar, already the lowest in 11 months. Trading volume was 25 times ...
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| Uganda Supports Implementation of African Regional Currency Akol explained that this will eliminate the hustle and bustle of currency exchange each time you move from one Community State to another and also ... The members of the regional bloc are Tanzania, Kenya, Uganda, Rwanda, Burundi and South Sudan, each of these countries has its own currency and ...
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| AFRICA-FX-Uganda currency seen on back foot, Kenya and Zambia's range-bound David Bagambe, trader at Diamond Trust Bank said some commercial banks and importers will be rushing to cover short positions. "After crossing the 3,700 psychological level, everyone is moving to hedge, so there will be some position covering," he said, adding the local currency would oscillate in the ...
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| A Trade War the US Is Actually Winning, for Now Once established as a global reserve currency, the dollar has been kept strong by sustained demand for it, and a strong dollar makes American exports expensive to the rest of the world. American exports decline, imports increase, and a result is the trade deficit. Testifying before Congress in 1960, the ...
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