Forex Update: Liquidiy Issues Emerge in European Trade

Published September 16th, 2008 - 12:24 GMT
Al Bawaba
Al Bawaba

Market participants cited liquidity problems in the European time zone, which has stemmed the flow of interest since the European open. Two large European banks have taken all of its credit lines out of the "machines (electronic brokers)" on both spot and forward prices and there is talk that a prominent U.S. investment house portal is not publishing any prices today, which severely sapped the market of depth. Price action is thin and reportedly very jumpy.