FX Trading Activity In London Dips During Iraq-Kuwait Crisis

- By FX Markets Staff
- @FXMarkets_
- 17 Aug 1990

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Foreign exchange dealers in London report that trading activity during the first nine trading days of the Gulf crisis was lower than normal, apart from hectic activity on Thursday, August 2 when Iraq invaded Kuwait.

"No one wanted to gamble too much on how things might develop," a trader at National Westminster Bank said.

Dealers said that the main feature of trading was the dollar's loss of its safe-haven status. "If there were a threat of a nuclear war, it might have been different," a trader

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