FX Week



Liffe reports open interest on its Euribor futures contract has increased to 673,179 lots, as a result of the voluntary conversion of three-month Euro Libor futures on February 17. Open interest on Euribor options has increased to 246,945 positions.

Deutsche Bank announced last week, in preliminary full-year results, that operating profit was at DEM4.3 billion ($2.45 billion), for 1998, flat on 1997. Market observers note that however that the underlying figures may be weaker than this

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