The dollar gained ground against the yen on Tuesday after a roller-coaster 24 hours which traders say may just be a precursor to three weeks of risk-packed events for the $5 trillion a day currency market.
Regulators have yet to get a firm handle on the world's $35 trillion shadow banking sector with supervision and data gathering still too patchy for spotting risks properly, the global Financial Stability Board said on Wednesday.
Our primary concern has long been that the market becomes transparent and the fundamentals of physical supply and demand ultimately determine the price. At present, London Bullion Market Association or LBMA trading involves the buying and selling of unallocated gold contracts largely amongst bullion banks and other LBMA members.
Barclays axed its CEO just three years after he began the job in the name of strategic change and increased shareholder returns. This may be the first of many changes at the bank following a rate-fixing scandal.