ASIC's Greg Medcraft says foreign exchange brokers are 'picking off' Australia

ASIC's Greg Medcraft says foreign exchange brokers are 'picking off' Australia

Australia is being "picked off" by online foreign exchange brokers that are able to obtain a local licence and offer clients extremely high leverage of up to 500 times, the corporate watchdog says. Greg Medcraft, chairman of the Australian Securities …

Read more on Sydney Morning Herald

Rupee drops 5 paise against dollar

The rupee fell by 5 paise to 62.36 against the dollar in early trade on Monday at the Interbank Foreign Exchange on rising demand for the American currency from importers. Forex dealers attributed the fall in the rupee to the dollar's strength against …

Read more on The Hindu

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