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Hong Kong looks into possible currency manipulation

Posted on 02 April 2014

Monetary authority asks several banks to conduct independent reviews of foreign exchange operations and submit the results. Hong Kong’s monetary authority has become the latest regulator to investigate a number of banks in the widening global inquiry into alleged manipulation of foreign exchange markets.
The news comes a day after Switzerland’s competition commission opened an investigation into several Swiss, US and UK banks, including JP Morgan Chase, Citigroup, Barclays and Royal Bank of Scotland, over potential collusion to manipulate currency rates in the $5.3tn-a-day market………………………….Full Article: Source


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