BIS: forex volumes rise to $6.6 trillion as London trading soars
While the UK capital reinforces its prominence in forex markets, trading in Asian currencies heats up
Against a backdrop record of low volatility and heightened trade tensions between the US and China, overall trading volumes in foreign exchange markets rose to a worldwide daily average of $6.6 trillion this year, a 30% increase on the $5.1 trillion figure from 2016, the latest triennial survey published by the Bank for International Settlements (BIS) on September 16 reveals.
The report marks the first rise in forex volumes since 2013, after the drop seen in the 2016 survey.
The BIS report
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