Banks draw EU25 battle plans


Some banks are reorganising the trading teams that deal with the currencies of the new EU states – Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia.

Deutsche Bank, for example, has added the most recent accession countries units to an existing desk it had in Frankfurt, which traded the Hungarian forint, the Polish zloty, the Czech koruna and the Slovak koruna.

“There are some similarities with these currencies although there are obviously a lot

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