US Banks Expect Mixed Q1 Results Following The Launch Of The Euro
BANKS
NEW YORK--The US banks start reporting their first quarter results this week, and according to currency analysts, the outlook for FX earnings is fair, though weaker than in previous quarters.
Volatility was fairly low from January to March and this reduced trading volumes as demand for hedging products sagged, they say.
Market players note also that this set of quarterly results has particular significance, as they represent the first batch of FX revenues figures since the launch of the euro.
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