Q3 Dollar Rally Sparks Expectations Of Strong Forex Earnings At U.S. Banks
BANKS
U.S. banks are expected to show relatively strong growth in third-quarter foreign exchange earnings when they begin reporting next week, say analysts and traders surveyed by FX Week. Following a fairly solid, but rather uneventful second quarter, the consensus among market participants is that there were sufficient opportunities during the latest period for dealers to turn a profit.
Earnings should be better than, or at least approach, the strong first-quarter results, and definitely surpass
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