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U.S. Justice Dept.: Can't comment on role of financial institutions in Malaysian corruption probe

Statements from the U.S. Justice Department on Malaysian corruption probe are crossing the wires, via Reuters:

  • Jim Carrey comedy as part of Malaysian corruption probe
  • Justice Department says seizes Picasso painting, Manhattan apartment in Malaysian corruption probe
  • Malaysian corruption scheme allegedly involved stealing billions from 1 Malaysian, total stolen is $4.5 bln
  • Alleged conspirators in Malaysian corruption scheme financed 'Dumb and Dumber to' and 'Daddy's Home'
  • Justice Department says seeks to forfeit more than $1.7 bln in property in the U.S. and abroad

More thoughts about the Fed and dollar - BBH

Economists at BBH argue that the Federal Reserve has been criticized for being too dovish for too long and stuck to its call yesterday. Key quotes:
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EUR/USD consolidates losses, remains under pressure around 1.1150

EUR/USD continued to decline after the beginning of the American session and bottomed at 1.1130, hitting a fresh 2-week low. The pair then bounce...
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