FX Week

FX Trading Revenues In 1990 Set Records 4th Quarter Gains Prove Dimmer Than 3rd

BANKS

Aided by a fantastic third quarter, most U.S. banks managed to post record foreign exchange trading revenues in 1990. This despite slightly more modest gains in the fourth quarter.

Analysts and bank officials were generally jubilant about the 1990 gains but some were already hedging their bets about 1991. "I don't know what 1991 is going to bring," one analyst says. Although the war in the Gulf has injected new price volatility into the market, which tends to bolster foreign exchange trading