Meanings of forex rate in English

Investigations into forex rates are running alongside scrutiny of benchmark interest rates.

Numerous banks have been caught up in allegations of manipulation of global forex rates.

Roeseler said attempts to manipulate forex rates involved Asian as well as Latin American currencies.

UBS, Switzerland's largest bank, will also pay $342 million to the Federal Reserve over attempted manipulation of forex rates.

According to its statement, second-quarter revenue would have been $176 million if forex rates had remained constant from the first quarter.

The company attributed the decline to the impact of lower interest rates in the United States on its property and casualty business and forex rates.

In November, six of the world's biggest banks were fined $4.3 billion for alleged manipulation of forex rates.