The EU antitrust regulators are looking into new claims of FX price manipulation. Chief of the antitrust board, Joaquin Almunia said that he was informed of manipulations in the “last few days”
He gave no other details stating that they were in the “very very preliminary” stages of an investigation.
Further price manipulations are not going to go down well in light of the Libor rate scandal and the WM/Reuters fix probe that Mike also highlighted on Friday. These new investigations may be part of that or something new.
