Articles on Foreign exchange

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Now is the winter of our discount cents. Kosala Bandara

Soaring Swiss franc causes havoc on currency markets

In one of the most remarkable days in the foreign exchange market for at least 20 years, the Swiss franc rose by an astonishing 30% against the euro in a mere five minutes. This is as a result of the announcement…
Six global currency-dealers have agreed to pay a total of US$4.3 billion to regulators in the US, UK and Switzerland. Image sourced from www.shutterstock.com

The fix is in: how banks allegedly rigged the US$5.3 trillion foreign exchange market

Suppose you’re in the supermarket shopping for groceries. While you’re strolling the aisle with your cart, a shadowy figure looms over your shoulder and changes the prices on the items you want to buy…
Xu Zhiyong, jailed for four years. for inciting public disorder. Wikimedia Commons

China’s war on thought is being waged in Western universities

In the past decade, US and UK universities have embarked on a program of developing formal relationships, exchanges, and partnerships with their counterparts in China. No scholar interested in promoting…
ASIC warns: forex currency trading requires a high degree of skill, and consumers should be aware of the risks and potential for loss. Image of finance chart with sell/buy dice from www.shutterstock.com

Gambling on the dollar: time to reign in forex trading

With the value of the Australian dollar falling more than 10 cents in the past few months, should we all be hedging our bets and trading the Aussie for a fast profit? There’s no shortage of foreign currency…

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