Australian FX Trading Vols Down
NEWS
SYDNEY -- Banking consolidation, the 1997--98 Asian crisis and the weakness of the Aussie dollar have reduced trading volumes in the Australian FX market, FX broker Nick Litchfield at Garban Intercapital in Sydney told FX Week.
"It's been a one-way street in the last six months. People are selling the Aussie, [but there are] not a lot of buyers," he says. The Australian dollar, which opened the year at 0.62 against the US dollar, closed last Friday at 0.5375.
A survey released last week by the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com