Sugar has had a nice rally from the $0.16 level on news that the U.S. government will buy sugar on the domestic market in an effort to push up prices and avoid a larger bailout later.
Fed keeps $85 billion pace of bond buying, sees risks waning
The Federal Reserve will keep buying bonds at a pace of $85 billion a month and said that risks to the economy have decreased.
Pound too strong as BOE prepares for Carney era
The pound’s rally to a four-month high against the dollar is proving too much for currency traders unsure whether Mark Carney will step up stimulus efforts when he takes over as Bank of England governor next month.
ABM AMRO ordered to pay $1 million for seg fund deficiencies
CFTC orders ABN AMRO Clearing Chicago LLC to pay $1 million to settle charges of segregated and secured fund deficiencies, a minimum net capital violation, books and records violation, and supervision failures.