FX traders see lacklustre trading volumes as trends stay weak
Market participants fear that activity in foreign exchange markets will remain subdued as key market trends have so far failed to materialise, and say that the bounce in trading volumes in January is mostly down to seasonal factors rather than a strong start to the year.
Traders had been positioning for a move higher in the dollar against the yen, a slide in the euro and also in the Australian dollar. Bob de Groot, global head of FX spot at BNP Paribas in London, says that so far bets on those
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