Goldman Sachs’ forex earnings boosted by Fed cuts in first half
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NEW YORK -- FX trading revenues at Goldman Sachs have been boosted this year by trading opportunities brought about by Federal Reserve interest rate cuts, officials from the bank in New York and London told FX Week.
The Fed has cut interest rates six times this year, with rates currently standing at 3.75% following last Wednesday’s 25 basis point cut. This has benefited Goldman’s proprietary FX trading business, and has boosted volumes in FX forwards and options trading, Peter Gerhard, global
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