Dollar up or down, money traders profit
Strolling from his art-filled office through a bulletproof door to a balcony overlooking an immense trading room, Cairo-born André Levy pauses to deny a bit of gossip circulating among his fellow money dealers in Lausanne, Switzerland. He insists that it is just not true that his firm somewhat whimsically named Tradition S. A. exchanges half a billion dollars for stronger currencies each day. The actual figure, he states with aplomb, is "more than a billion dollars."
That correction is indicative of the frenzy with which corporations, banks and other holders of dollars are...
To continue reading:
or
Log-In
