Institutional FX trading volumes soar in November as USD falters
The volume driver was increased currency volatility thanks mainly to the continued erosion during the month of the value of the US Dollar.
The volume driver was increased currency volatility thanks mainly to the continued erosion during the month of the value of the US Dollar.
Following a fairly strong September, institutional FX traders returned to the sidelines in October ahead of what may be a volatile November.
Overall, volumes were up an average of 8% at leading institutional FX platforms, with Cboe FX and EuronextFX showing double digit gains.
What appeared to be a quiet end-of-summer trading season in institutional FX during August heated up over the last few trading sessions.
After a really crazy year for the markets, the usual summer slowdown seems to be here, at least in institutional FX trading.
Initial indications are that June 2020 was another fairly good month for FX trading volumes at some of the leading […]