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Exact(22)
If London could become a global centre for dollar trading, why not for yuan dealings, too?
The yen was little changed, with the dollar trading at 76.96 yen late in New York, up slightly from 76.64.
But it has been battling sliding sales, high costs and an Australian dollar trading above the U.S. currency.
The British pound also gained in dollar trading, selling in New York at $1.7329, compared with $1.7299 late Friday.
The currency market was calm, with the dollar trading at 80.26 yen, little changed, and the euro ticking up 0.3 percent from Tuesday's New York close, to $1.2848.
Maybe he had opposed the ban on dollar trading and the government was trying to find a scapegoat for the monetary mess it had made.
Similar(37)
The story of JPMorgan Chase's multibillion-dollar trading loss is now well known.
JPMorgan Chase is dealing with the fallout from a multibillion-dollar trading debacle.
A multibillion-dollar trading loss and multiple regulatory investigations apparently haven't made life too miserable at JPMorgan Chase.
In the wake of JPMorgan's multibillion-dollar trading loss, regulators are under pressure to beef up the proposed Volcker Rule.
The move comes as JPMorgan Chase continues to face scrutiny over multibillion-dollar trading losses in its chief investment office.
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