Volumes in the multi-trillion-dollar foreign exchange market have dropped to six-year lows as investors shy away from trading the euro and central banks continue to keep a tight grip on the value of their currencies.
Daily trading on two of the main foreign exchange trading platforms, EBS and Thomson Reuters, has fallen below average in the first two months of the year, traditionally a time when investors return to trading after a quiet fourth quarter.
“Appetite for trading the euro/dollar is probably the lowest I can remember,” said Tim -Carrington, head of foreign exchange at RBS.
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