Citi Dominates Market As US Banks Report Mixed Q3 In FX

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NEW YORK--US commercial banks are reporting uneven profits from FX in the third quarter, following a period of fluctuating volatility and trading volumes, say market officials.

Senior traders point out that the loss of trading in the eleven euro legacy currencies, and reduced hedge fund activity have added to a general downward trend in year-on-year results.

"There was some good movement in the majors -- but it came mainly in the latter part of the quarter," comments a sales dealer at one New