EU Probes Similar Benchmark-Manipulation for Currency Than Libor

The European Union is looking at possible manipulation of currency rates after “benchmark-manipulation concerns” similar to those in the Libor probes were brought to the attention of regulators.

Joaquin Almunia, the EU’s antitrust chief, discussed a possible probe of currency rates for a second time during a speech in London today, saying that there are “similar benchmark-manipulation concerns” to those examined in the EU’s investigation of the Libor and Euribor lending rates.

To contact the reporter on this story: Gaspard Sebag in Brussels at gsebag@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

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