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Trading Foreign Currency News

Trading Foreign Currency News

Foreign Currency Trader Sentenced on Tax Charges

An investor in a foreign currency trading fund has been sentenced to five years in prison for evading more than $150,000 in taxes.

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Fitch Assigns Initial Long-Term Foreign Currency IDR of 'BBB+' to Banco Barclays S.A.

Fitch Ratings has assigned the following initial ratings to Banco Barclays S.A. :

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CFTC Charges Texas Resident Christopher B. Cornett in Foreign Currency Fraud Action

Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of an enforcement action against Christopher B. Cornett of Buda, Texas, charging him with solicitation fraud, issuing false account statements, misappropriating pool participants’ funds, and failing to register in connection with an off-exchange foreign currency (forex) fraud.

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Forex Trading Volume Rises in North America: What it Means for You

The Federal Reserve’s Foreign Exchange Committee released its semi-annual survey on the average daily trading volume in the forex market, showing interesting shifts in overall trading.

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U.K. Currency Trading Fell 3% in October From April to $1.97 Trillion/Day

Foreign-exchange trading in the U.K. fell 3 percent to $1.97 trillion a day in October compared with April, according to a semi-annual survey of trading published by the Foreign Exchange Joint Standing Committee.

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Report: With rial under pressure, Iran clamps down on foreign currency exchange

By Nasser Karimi, The Associated Press TEHRAN, Iran - Iran's central bank deputy governor said Monday that trading foreign currency outside of banks and licensed currency exchange operations was now banned, ...

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Currency Trade at a Record $977 Billion a Day in North America, Fed Says

Foreign-exchange trading in North America rose to a record $977 billion a day in October, while slowing in the U.K., Australia and Singapore, according to central bank surveys.

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