Much has changed since my first stint in the New York Fed’s Foreign Department. U.S. daily currency market turnover then was less than $3 billion, whereas global turnover now exceeds $3 trillion per day. Currency quotes in 1975 would be posted hourly on a blackboard in the N.Y. Fed trading room. Now trades are made, quotes read, and analysis seen instantly with the click of a computer key. I’ve seen the dollar range as high as 3.478 against the D-mark in February 1985 and as low as the euro-translation value of 1.2195 earlier this year. I’ve watched dollar/yen range between 308 and 79.85. In the co-habital evolution of telecommunications and global currency markets, I am ready for the next frontier, which is why I am launching this blog.