Deutsche Bank forex up 15%
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FRANKFURT -- In line with its top-tier rivals, Deutsche Bank has bucked the mid-tier trend of lower forex earnings from reduced market volatility, to report a 15% increase in first-half FX profits.
The bank last week reported trading revenues of e774 million from foreign exchange, metal and commodity trading for the six months ended June 30, up from e675 million the previous year.
Jim Turley, global head of foreign exchange at Deutsche in London, said a sound performance across the board and a
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