BarCap: 55% of FX traders holding light risk positions
LONDON & TOKYO - Foreign exchange traders are still wary of taking risks despite the recent rally, with institutional traders expecting a renewed bout of weakness, according to bank surveys.
Barclays Capital's FX investor quarterly survey, released June 1, revealed that about 55% of the 605 institutional traders interviewed were holding light risk positions. This is because almost 70% said they expected market weakness to remain for a little while longer before final recovery. The UK bank
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