First-Half Foreign Exchange Trading Revenues May Prove Mixed For US Banks, Say Analysts

BANKS

Mixed predictions prevail ahead of the scheduled release of US banks' second quarter foreign exchange trading revenues, which start reporting results this week. Despite a general consensus that the period was a fairly active one, sources say it was probably not as dynamic as the first quarter proved (FXW, April 21).

"There were pockets of volatility during the quarter," says a trader at a US money centre bank, adding that in this respect the period surpassed the comparable quarter last year,