FX poll 2009: Staying power in troubled times

ALTHOUGH IT IS too early to say whether the profound changes that have altered global financial markets over the past two years are structural or cyclical, one outcome is that foreign exchange is now regarded even more widely as the proper asset it has always been.

FX, like other markets, had to face big difficulties in 2008. The fact that the turnover reported in the 2009 Euromoney FX poll, which covers the 2008 calendar year, was only marginally higher than in 2008 – $175.3