Reasons to be silly
Past issues, September 2010 / 23 September 2010 / FX-MM
This being summer – just about – the media is full tilt into that strange semi-somnambulant state commonly known as the ‘silly season’. Politicos head for their holidays, C-listers are checked into rehab and the usual daily diet of crisis dissolves, leaving newswires – suddenly unencumbered by editorial oversight – to spew forth stories of wacky diets and tap-dancing hamsters. And as Drew Hillier sees, the FX market undergoes a similar hiatus: the big guns spend August reacquainting themselves with their families, leaving a skeleton crew of lesser mortals to mind the shop, many of whom stave off divorce by the simple expedient of bringing their offspring into work to horse around in the trading room. Which can make for an illiquid, illogical and illusory market… especially when the kids start making deals!
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