The firm will pay a US$5.5-million penalty but did not admit or deny the SEC's findings
Soaring consumer prices in the U.K. are fuelling a cost-of-living crisis
Inflation and the war in Ukraine may curb consumer spending this year
Slower normalization could increase divergence in foreign exchange rates
BMO expects a Fed rate hike of 50 bps in May as inflation cuts spending power
In a speech on Thursday, the U.S. Treasury Secretary also advocated for maintaining the dollar's prominence
Unemployment dropped to its lowest rate since the pandemic erupted
Trading was under heavy restrictions after the month-long shutdown
The country has about $40 billion in foreign currency debt
Holders of the bonds, such as funds that invest in emerging market bonds, could take serious losses