Euro Looks Set To Dominate Trade From Day One, But Debate Rages
MARKETS
LONDON--In separate meetings held in London and New York last month, representatives of the world's largest FX trading banks came to a consensus on the contentious issue of euro quoting conventions. At these meetings, the euro won a place as the primary currency against both sterling and the US dollar.
Under the auspices of Chase Manhattan Bank, as well as the Bank of England (BoE) and the British Bankers' Association (BBA), about 40 representatives from trading banks accounting for 80 per cent
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