Deutsche Bank’s Forex Profits Up For Q1, Emerging Markets Kick In

NEWS

FRANKFURT--Deutsche Bank's foreign exchange profits continue to climb, according to the latest interim results announced last week.

Pre-tax trading profit in forex, notes and coins was EUR238 million ($228 million) for Q1 2000--up 4 per cent in euro terms from last year’s Q1 figure of EUR229 million ($247 million).

The figure also keeps pace with Deutsche’s record year in forex in 1999.

But the euro's rapid devaluation since its launch in January last year means that when the dollar conversion