US salaries moderately up

New York-based recruitment agency Adams Consultancy, found that the average base salary for a treasurer increased last year by 5% to $310,000. FX traders at the vice-president level saw an increase of just 3% to an average salary of $155,000, up from $150,000 in 2002. The previous year, traders saw no year-on-year rise based on the average base wage.

"Demand for FX traders in the US was again fairly flat," said Len Adams, president and chief executive officer of Adams Consultancy in New York