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Currency Foreign System Trading News

Foreign-Exchange Firm FXCM Files For IPO Of Up To $200 Million

Foreign-Exchange Firm FXCM Files For IPO Of Up To $200 Million

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Currency Trading Reaches $4 Trillion a Day, BIS Says

Foreign-exchange trading rose to $4 trillion a day on average even as growth in the market slowed in the three years through April, a Bank for International Settlements survey showed.

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China's yuan strengthens 30 basis points against USD

The central parity rate of the yuan, China's currency Renminbi (RMB), strengthened 30 basis points to 6.7973 per U.S. dollar Friday from 6.8003 per U.S. dollar Thursday, according to the data released by the China Foreign Exchange Trading System.

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Financial crisis boosts London's dominance in global currency trading

The City increased currency trading during the worst financial crisis om 60 years, turning over $1.85 trillion a day to take 37pc of world trade.

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Chavez to Close Brokerage Firms Seized in Crackdown

Venezuelan brokerages seized by the government will be permanently closed and probably liquidated by the end of the year, securities regulator Tomas Sanchez said.

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