European economic and monetary union is often cited as the single most important event for the current generation of foreign exchange dealers. In fact a number of major developments are occurring simultaneously – some unconnected with Emu – each of which will have a profound impact on the forex market.
Independently of progress towards Emu, the rapid application of technology is already changing the nature of the foreign exchange market and it may be assumed that this trend will accelerate over the next few years.
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