Deutsche FX profits soar
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FRANKFURT – Volumes in the global FX market may be shrinking, but Deutsche Bank is doing more FX business than ever, according to its latest interim results released this month.
Deutsche reported a 26% rise in first-half FX trading revenue this year to e684 million ($581 million), up from last year’s first-half result of e545 million ($519 million).
In June, the Bank for International Settlements released figures showing a 27% decline in global FX turnover since 1998 (FX Week, June 11). But the
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