Good morning. It is a pleasure to speak with you today at FX Markets USA. I appreciate the opportunity to be here and engage with so many thought leaders across the foreign exchange (FX) industry. This year marks half a century since the advent of flexible exchange rates. Over that time, the FX market has evolved considerably. FX traders of the 1970s would hardly recognize the market landscape today, as trading practices have become more complex, market participants have become more diverse, and electronification has transformed the way the market functions. From my vantage point as a central banker, the FX Global ... (full story)