Forex Associations Gear Up For EMU As Seven Countries Form Euro Group

REGULATIONS

Seven European forex associations have joined together in an "informal formal grouping" to examine specific issues related to the introduction of the euro, according to Peter Fischer, president of Forex Austria and ACI deputy regional executive for Europe.

The Euro Group within the ACI, as it is officially described, met for the first time in July and aims to enter a dialogue with the Frankfurt-based European Monetary Institute (EMI), the precursor of the proposed European central bank, as we