FX Markets



Banque Nationale de Paris reports group net income of FRF7.308 billion ($1.305 billion), an increase of 23 per cent on the FRF5.962 ($990 million) billion reported last year. The bank does not break out FX earnings in its annual report. US dollars conversions are at the closing rates of FRF5.5980 for December 31, 1998 and FRF6.023 for December 31, 1997.

Liffe reports 2,683,642 Euribor futures contracts traded in February, an increase of 193 per cent on the previous month, following the

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