FXMarketSpace, is a centrally-cleared OTC foreign exchange trading platform which Reuters says takes advantage of the 16% annual growth rate of the forex trading market.
Antipodean price action again dominated most of the boring forex range session, just like the AUD had done the previous night after the surprise Reserve Bank of Australia rate cut.
Within the Latin American forex space, the Mexican peso now looks more attractive from a carry perspective that is where low interest rate countries like Japan buy the local debt of higher interest rate countries.