G10 trade keeps Citi earnings stable

"The headline numbers have remained very strong," said Richard Moore, global head of FX at the bank in London. "More of the opportunity in 2003 resided in the G10 world with the sharp decline in the dollar against the euro and the yen." These currencies are likely to attract similar attention in 2004, particularly as it is an election year in the US, he said.

Citi’s revenues remained stable in 2003, earning $1,782 million in foreign exchange trading for the full year, down slightly from $1,790

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