Yuan's Now Fifth Most-Used Currency
January 28 2015 1:10 AM
The rise of offshore yuan clearing centers worldwide has fueled the currency’s growth.
Echoes Of Swiss Franc Shock Reverberate Around The World
January 18 2015 7:00 AM
The Everest Capital Global hedge fund may be among the first fatalities of Swiss franc shock. It might not be the last.
Switzerland Blindsided By Central Bank's Currency Move
January 16 2015 1:11 PM
The Swiss National Bank's move to lift a cap on the Swiss franc probably shouldn't have been dropped unexpectedly.
Euro Hits Fresh Low Before Inflation Trial
January 07 2015 12:08 AM
Data are expected to show the first annual fall in consumer prices since 2009, piling pressure on the ECB.
$5M In Bitcoins Stolen In Bitstamp Hack
January 05 2015 9:15 PM
The value of the bitcoins dropped to $267 each.
Paris, Rome And Berlin Cheaper Than Ever With Weak Euro
January 05 2015 4:10 PM
The euro dropped 10-15 percent over the last year, translating into hundreds of extra euros for food, lodging and beer for travelers.
Euro Falls To 9-Year Low, Asia Shares Lackluster
January 04 2015 8:48 PM
The euro fell to as low as $1.18605, its weakest level since March 2006.
BP Reviews Forex Desk In Light Of Regulatory Probe
December 31 2014 12:03 AM
The European Commission also has been investigating allegations that BP manipulated oil and biofuel prices.
Russia Says Currency Crisis Over, But Inflation Set To Soar
December 25 2014 7:46 AM
The ruble plunged to all-time lows last week on heavy falls in the price of oil and Western sanctions over the Ukraine crisis.
Six RBS Traders Could Be Punished In Forex Probe
December 24 2014 1:25 AM
RBS launched an internal review into its FX activities after it was one of six banks fined a combined $4.3 billion last month.
Switzerland Will Begin Charging Banks To Park Their Money
December 18 2014 11:23 AM
For the first time in decades, Switzerland will charge commercial banks to park money.
Russia Begins Selling Reserves To Save Ruble
December 17 2014 7:23 AM
As the ruble is significantly undervalued, Russia has started selling its currency reserves to resolve the crisis.
To Boost Ruble, Russia May Be Forced To Spend Another $70B
December 17 2014 4:37 AM
Russia has so far spent about $80 billion -- a fifth of its international reserves -- in an unsuccessful move to stabilize the ruble.
Russians Both Shrug And Worry As Ruble Nosedives
December 16 2014 4:42 PM
Most Russians aren't exposed to the economic woes stemming from the ruble's collapse, but some say they are hit hard.
Cheap Crude Oil Slams Currencies, Stocks
December 16 2014 2:23 PM
The most dramatic example is the Russian ruble, which hit a record low Tuesday, in part because of rising pressure on the oil-dependent economy.
Russia's Central Bank Calls Ruble Collapse 'Critical'
December 16 2014 10:57 AM
Currency traders hammered the ruble to a record low against the dollar, despite central bank action to halt the slide.
Swiss Voters Reject Gold, Immigration Proposals, Salvaging EU Ties
November 30 2014 4:55 PM
The referendums reflect a growing public view that Switzerland is under siege from foreign workers eroding its Alpine culture.
US Prosecutors To Interview London FX Traders
November 25 2014 4:58 AM
The authorities have reportedly given banks under investigation until mid-December to turn over related information.
Big Banks Fined $3.4B In Forex Probe
November 12 2014 3:38 AM
The fines were imposed after a year-long investigation into allegations of rigging of forex markets between 2008 and 2013.
US Dollar Rises On Concerns Of The Global Economy
October 10 2014 11:18 AM
The dollar has surged 10 percent over the past five months to reach multi-year highs.