Banks Begin Offering Euro Forwards To Clients, But No Deals Done As Yet
BANKS
LONDON--Since the fixing of parity rates among participating member countries of European Economic and Monetary Union (EMU) on May 4, a number of international forex houses have begun offering prices on euro forward contracts.
ABN Amro Bank, Citibank, Deutsche Bank, JP Morgan and WestLB are among the pioneers, according to market sources. Since May 4, some banks have been offering customers euro forwards and FRA products, although no trades had been executed as of late last week, according to
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