Swiss regulator launches investigation into possible currency manipulation

The Swiss financial regulator FINMA is investigating several financial firms over possible manipulation of foreign exchange rates.

In a press release the agency said:

FINMA is currently conducting investigations into several Swiss financial institutions in connection with possible manipulation of foreign exchange markets. FINMA is coordinating closely with authorities in other countries as multiple banks around the world are potentially implicated. FINMA will give no further details on the investigations or the banks potentially involved.