Technical Data Survey Reveals Pessimism About Future Of Foreign Exchange Market

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Technical Data's survey of some 200 foreign exchange market participants revealed "that there is a fairly pessimistic mood about where the foreign exchange market is right now and where it's going," says Claude Tygier, a consultant and contributor to TD's foreign exchange service, who helped develop and compile the survey.

Part of the reason that respondents are downbeat about what lies ahead are expectations that there will be a single currency in Europe within the next 10 years. 59 percent of

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