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Monday has Appalling FX Volumes

Posted by WorldWideMarkets . on Oct 15, 2013 3:11:00 AM

It may have been the closing of the U.S. bond market on top of a market holiday in Japan alongside reluctance to make big bets one way or another in case the U.S. Congress happened to reach a budget and debt ceiling deal but volume on Monday was appalling.

Trading volume in euro/dollar was the lowest since April 1, dollar/yen the lowest since May 6 and in aussie/dollar since March 29.

The market holidays will pass but it may take the U.S. government getting back to work and a make up in lost productivity to get the trading climate back to normal. As it is, there are not that many trading days left until the end of the year.  trading volume


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