Deutsche closing gap on Citi?

The bank will reveal in March the forex contribution to the debt division’s $7.7 billion (e6.1 billion) revenues in 2003, up from $5.8 billion (e5.5 billion) in 2002.

Some of that rise in dollar terms can be attributed to the 20% fall in the value of the US dollar over the 2003 financial year, from $1.0481 per euro at the end of 2002 to $1.2552 the following year. But the precipitous fall of the dollar has also brought with it stellar opportunities for FX trading in major and emerging markets