How the US and China could end up trading their own currencies

Feds want to put the brakes on foreign exchanges.The Fed and Treasury have been pushing to impose a global moratorium on currency swaps.They want to avoid a repeat of the 2008 financial crisis, which caused a $200 trillion spike in the value of US Treasury bills and the collapse of US stocks and bond yields.In […]

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The New York Stock Exchange is no longer a foreign exchange market

New York State’s state exchange is no more.The NYSE is no different than a stock exchange, a state securities commission spokeswoman told Reuters.The New York City-based exchange, which was a division of the NYSE Group until March 2019, was shut down in February by state regulators in the wake of a fraud scandal that has […]

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