Commerce Commission investigates currency trading amid global probe into manipulation

Mon, 31 Mar 2014

By Paul McBeth March 31 (BusinessDesk) - The Commerce Commission has an investigation underway into the foreign exchange market, amid a global probe into alleged manipulation of currency rates. The New Zealand regulator’s active investigation into the currency trading market comes as at least a dozen authorities in North America, Asia and Europe conduct inquiries into claims traders colluded with their counterparts at rival banks to set foreign exchange rates by sharing client information. The Commerce Commission has an “investigation in...

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