New Europe to bring more forex trading opportunities

Some of the 12 countries slated for addition to the EU and Economic and Monetary Union (EMU) could adopt the euro as early as 2006, according to one European Central Bank official. And that will bring opportunities for forex dealers as eastern European economies liberalise in the run-up to EU membership, and from speculators making convergence plays.

Deutsche Bank, for example, has already reported increasing customer demand for cross trades involving eastern European currencies.

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