Will it be a better end of the year for dealers?

The forex market ran out of steam in autumn, and traded volumes dropped again to last year’s level, when they had plummeted from 2008, after having seemed to pick up in spring.

Dealers say, though, that recent euro zone turmoil has brought a rising interest in trading, considering the Bucharest market is dominated by foreign players.
In November, a little more than 33bn euros were traded on the forex market, up 17% from the same month of last year. In August, the growth pace had amounted to almost 60%, also owing to the low comparison base and then had slowed down significantly to 9% in October.
However, the first 11 months show 2010 stands clear chances of looking better than 2009 in terms of traded volumes. With a monthly average of almost 33bn euros (posted in the first 10 months), the total volume of deals is likely to climb to 396bn euros this year, from 352bn euros in 2009.