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BNP Paribas pleads guilty in US to currency rigging, fined $90 million PA) agreed to plead guilty and pay a $90 million criminal fine in the United States for conspiring to rig foreign currency markets, the U.S. Department of Justice ... BNP Paribas USA admitted to having conspired to fix prices for Central and Eastern European, Middle Eastern and African currencies from ...
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In Global Currency Game, China is Losing to US Fresh from its battle to defend the yuan last year, China's central bank is looking at another: how to rein in its recent fast ascent. Driven by an unexpectedly prolonged softening of the dollar, the Chinese currency has surged to around its strongest level against the greenback since its surprise devaluation ...
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Currency war talks make headline amid Mnuchin comments During the press conference, the single currency printed a new multi-year high at $1.2537, the highest level since December 16th 2014. Shortly after the ECB press conference, EUR/USD eased to 1.2370 as Trump showed its support for a strong dollar during an interview at the World Economic Forum in ...
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FX Weekly: Have the currency wars reignited? Does the US pursue a strong or weak dollar policy? Does it even have a policy on USD? In the last few days it's become rather hard to tell precisely what the US administration desires after a week of mixed messages on its currency. Meanwhile Treasury Secretary Mnuchin's comments appeared to ...
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