EM currencies hotbed of FX manipulation, says spot trader
MXN, ZAR, KRW and SGD could be in the regulators' firing line
Emerging market currencies are likely to come under further scrutiny in the global FX regulatory probe because smaller daily flows in such pairs make it easier to move markets, compared with major units, says a former spot trader at a major European bank.
The currencies most likely to come under the microscope are the Mexican peso, the South African rand, the Korean won and the Singapore dollar, according to the trader.
"Interest in major currencies using fixes is daily because they're more
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