UPDATE 2-Goldman reports highest profit in 5 years as trading picks up

April 16, 2015 12:03 PM

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April 16 (Reuters) - Goldman Sachs Group Inc reported its best quarterly profit in five years on Thursday, notching up big gains from trading bonds and currencies as global markets gyrated during the first three months of the year.

Trading in fixed-income products and currencies got a boost after the Swiss central bank scrapped a cap on the franc, the European Central Bank announced its quantitative easing program, and the U.S. Federal Reserve moved to tighten monetary policy.

Also read: Morgan Stanley Profit Rises 57% on Surge in Bond-Trading Revenue

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