US Recruitment Outlook Is Mixed; Emerging Markets Demand Strong

BANKS

NEW YORK--Recruiters in the US say the jobs outlook is mixed for 1998, reflecting the changing needs of the forex market.

With European Monetary Union (EMU) now less than a year away, many banks are shifting their emphasis away from more traditional spot trading and towards sales and more specialized products and currencies.

"A lot of the banks seem to be letting go of regular spot traders," comments one recruiter. "That will continue in the run up to EMU. That's not to say they've trashed the

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