FX Trading Profits Cooled In Second Quarter Officials Say, Modest Activity, Volatility Cited

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Don't expect second quarter foreign exchange trading revenues at U.S. banks to top levels posted in the first quarter of this year, U.S. bank officials surveyed say. Earning, which are scheduled to be released in the next few weeks, will likely reveal that FX trading revenues were closer to those posted during the same period a year ago, those surveyed maintain.

Officials, who declined to reveal specific profit figures, all agreed that revenues flattened in the latest quarter. "You're going t