New York Fed commits to FX Global Code

It promises to conduct its currency business in a manner consistent with the set of principles

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Commitment: the New York Federal Reserve says it acts as a participant as defined by the FX Global Code

The Federal Reserve Bank of New York signed a statement of commitment to the FX Global Code of Conduct on May 24, joining the list of central banks that have shown their support for better standards in wholesale currency markets.

“The New York Fed has reviewed the content of the Code and, in issuing this statement of commitment, has confirmed it acts as a market participant as defined by the Code. The New York Fed is committed to conducting its foreign exchange market activities, when acting as

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