Return to volatility brings relief for prop traders
NEWS
The period that began on July 24 saw euro/dollar trade on a 1.27 or 1.28 handle for 53 trading days before breaking down to 1.2540 on Friday October 6 according to Gavin Wells, global head of spot trading at Citigroup in London.
This is the longest period that a major currency pair has been in a range this tight since 2002, he said. However he was upbeat for prospects for the rest of 2006. "It has not been the easiest year for traders but the prospects for the rest of the year look more
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