Hong Kong investigating foreign currency rates manipulation

Is consulting with foreign regulators and banks.

The Hong Kong Monetary Authority said it is aware of the allegations of manipulation in the foreign exchange market. It said it has been in communications with the relevant overseas regulators and is following-up with individual banks.

Switzerland and Britain are currently probing whether traders sought to manipulate benchmark foreign currency rates. Switzerland's competition commission and its financial markets regulator earlier said they had opened investigations into potential manipulation of foreign exchange markets by banks.

Other sources said the United States was also involved in the investigation.