View from a global head of FX
Liquidity in foreign exchange markets continued its downward spiral last week, despite some reduction in the volatility experienced in early August, according to Tim Carrington, global head of foreign exchange at Royal Bank of Scotland (RBS) in London.
"Liquidity is much worse this week in foreign exchange and indeed across all asset classes. We're at the height of the holiday season so liquidity is always lower in August, but we've also seen a lot of short-term risk reduction and that money has
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