Philippines central bank raises rates by 50 basis points to 5.25%
The Bangko Sentral ng Pilipinas raised its policy rate by 50 basis points to 5.25%, a bigger move than markets…
Forex News
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SNB Holds Rate at 0% as Weaker Franc Eases Need for Intervention
The Swiss National Bank kept its policy rate at 0% after its September discussions. It said a weaker franc had…
Yen jumps through 50-day average at 157.3 per dollar as dollar bets ease
The yen jumped on Thursday as traders pulled back from dollar bets. Central banks hold meetings next week, and hawkish…
Euro Edges Up to $1.1234 but Stays Down Nearly 1% for the Month on French Turmoil
The euro rose 0.1% to $1.1234 on Wednesday but remains down nearly 1% for the month as FX desks price…
CFTC Fines NOLA FX Founder DePetrillo $9.2 Million and Bars Him From Its Markets
A federal court ordered NOLA FX founder Michael B. DePetrillo and his two companies to pay a $9,211,492 civil penalty…
