FX profits dive in 2000 ranking

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LONDON – It’s official: banks’ FX profits in 2000 are down on previous years, according to FX Week’s exclusive annual ranking of FX trading revenues.

From the highs of the pre-euro era in 1998, the top 40 FX-trading banks are, on average, now earning 23% less from trading FX compared to FX Week’s top 40 in 1998.

That’s in line with an estimated 27% drop in global FX turnover over the same period, according to the latest figures from the Bank for International Settlements (FX Week, June

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