Emerging-market forex revenues eclipse 'G10' for first time
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LONDON (Reuters) - Investment banks are now earning more from trading emerging-market currencies than from the major G10 markets, as wild swings in the likes of the Turkish lira contrast with relative calm in the dollar, euro and yen.Disappointing earnings at the trading divisions of investment banks like Goldman Sachs underscore the slowdown in trading revenues, including forex revenue.The slowdown is particularly acute in G10 currencies: the U.S., Australian, Canadian and New Zealand dollars,..