New EUR/ISK domestic pair launches

The launch is in response to the emergence of a two-tier market in EUR/ISK following central bank Sedlabanki's decision on December 2 to re-open the króna market to Iceland's three largest commercial banks (FX Week, December 8). The broker said consequently the domestic market has been trading in the 150/180 range, while the international market has traded at 230/300.

"All interested parties hope this 'two-tier' market will prove a temporary phenomenon and that sometime in 2009 the markets will

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