Why Has FX Trading Surged? Explaining the 2004 Triennial Survey
8 Pages Posted: 15 May 2012 Last revised: 29 Sep 2013
Date Written: December 1, 2004
The 2004 survey shows a surge in traditional foreign exchange trading. This seems to have been driven by momentum trading and carry trades in a global search for yield on the part of institutional investors and leveraged players as well as by hedging activity.
JEL Classification: F31, C42
Suggested Citation: Suggested Citation