So How Was It For You? FX Week Looks At The Highlights And Lowlights Of 1999
REVIEW
January
The euro is born. Weighing in at $1.17/€ it soon starts to slide. Initial optimism over a new mega-currency to trade turns sour.
The first of the mergers and cuts that characterized the year kick off--ABN ups sticks in London and heads back to Amsterdam and First Chicago axes 12 staff.
With the Brazilian real under pressure there were mixed signals from the emerging markets. Deutsche Bank disbanded its 55-strong emerging market proprietary trading team, followed by a restructuring a few
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