The U.S. Justice Department is taking a leading role in a global investigation into possible manipulation of the $5.3 trillion-a-day foreign exchange market, a department official said.
Mythili Raman, acting head of the criminal division, said in an interview yesterday that the department’s criminal and antitrust divisions have an “active investigation” into possible manipulation of foreign exchange rates. She declined to name specific institutions under scrutiny or say when the probe began. Continue reading “U.S. in Leading Role in Global Currency Rigging Probe”