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US: DOJ becomes next regulator to open forex probe

 |  October 13, 2013

Following the news that Swedish, UK and EU regulators are probing the foreign exchange market, a source told reporters that the US Department of Justice has opened its own investigation into the market, worth $5.3 trillion a day.

According to that source, the Federal Bureau of Investigation is in the early stages of a probe looking at possible manipulation of the foreign exchange market. The FBI is also currently working on an investigation of LIBOR, the London interbank offered rate, for alleged manipulation of the benchmark loan interest rate.

Authorities in Sweden, the UK and EU are also looking into the forex market, each at various stages of their investigations.

Full Content: Bloomberg

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