If you ARE a CURRENCY or a CURRENCY dealer.
In the global currency market, the darkest hour comes just as dawn is breaking in Asia.
Between the New York close and the start of trading in Tokyo, foreign-exchange volumes dwindle to just 2 percent of peak turnover, according to Aite Group, a consultant in Boston.
As a result, any transaction in that two-hour window will hit the market disproportionately hard.
The plunge in Britain’s pound earlier this month shows what’s at stake.
At about 7 a.m. KUALA LUMPUR time -- while London dealers were sleeping and those in New York were finishing up their day -- sterling slumped more than 6 percent in just two minutes, reaching a 31-year low.
