| Wall Street’s retreat from currency trading may be reducing risk at the banks, but it is contributing to bouts of extreme volatility in the foreign-exchange market. Wall Street’s retreat from currency trading may be reducing risk at the banks, but it is contributing to bouts of extreme volatility in the foreign-exchange market.
Currency analysts say that was evident on Friday, when the British pound plummeted from $1.26 to $1.18 in a matter of minutes during early-morning trading in Asia, with some electronic platforms recording trades below $1.15..............................................Full Article: Source
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