Reduced growth will fuel FX competition

As another new year begins, the big question on everyone's mind is where the foreign exchange market is headed in 2008. Over the past 12 months, the market has been characterised by rapid growth in the Asian markets, continued dollar weakness and an increasing maturity in e-FX trading platforms. Additionally, the subprime crisis has begun to have a powerful impact on the market with regards to risk management and credit.

Few would be prepared to stake their reputation on guessing future

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