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Global Uncertainty Freezes Forex: Banks Face 15% Revenue Fall in Forex Trading

Global Uncertainty Freezes Forex: Banks Face 15% Revenue Fall in Forex Trading
The downturn in market volatility is impacting currency trading desks, leading to reduced margins for banks and slowing the recovery following the economic turbulence of the Covid-19 pandemic. BCG Expand Research reported that revenue from foreign-exchange trading within the top 100 banks fell 15% during the first half of 2023. If this trend persists, it could be the second revenue decline in three years.FX Trading Desks Lose Billions through Drop in VolatilityA recent decrease in trading activi... Read More
Posted: Aug 23 2023, 21:51
Author Name: financemagnates
Views: 111747

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