Nov
15
Mind the Gap as Currency Markets Shrivel for All But Biggest Few
By-
From kiwi to krone, spread between bids and asks is widening
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`Erratic and volatile’ becoming the norm even in G-10
Even the world’s biggest financial market can’t escape the global liquidity drought.
Currency traders accustomed to shifting billions of dollars around the globe are starting to suffer as dealers retrench. Investors facing higher costs in this environment could rein them in with strategies that include splitting trades into several tranches, timing transactions to match peak turnover and avoiding a change of position too close to big events, according to money managers at Pioneer Investments and Macro Currency Group.
We’re not talking about emerging markets here….
Mind the Gap as Currency Markets Shrivel for All But Biggest Few
