Foreign Currency Consultants Closes FX Advisory Service

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Things are tough all over, but times are particularly difficult for the bevy of financial services companies that feed foreign exchange departments. In what clearly has become a sign of the times, Los Angeles-based foreign exchange advisory service Foreign Currency Consultants, Inc. (FCC) shut its doors last month.

"About a month ago we realized that we were trying to revive a dead horse," says FCC founder and president Remus Cadar. "I was in it for 20 years and I figured that I did what I could

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