Zero-Sum FX Game Attracts Players Investors Look to Currencies to Boost Profits

摘要

Robert Savage, a managing director at Goldman Sachs, remembers well the predictions of some market watchers accompanying the launch of the euro in 1999. They said parity would soon be established between the euro, dollar, and yen. "No one was going to trade foreign exchange ever again," the 19-year currency-market veteran says, remembering grim forecasts of the markets' impending demise. The past five years have proven that view wrong, he says.