02.09.2016 - Currency Trading Down for the First Time Since 2001
Global currency trading fell for the first time since 2001, a further sign that banks and hedge funds have cut their international activities as tighter regulations and higher risk-aversion begin to bite. Roughly $5.1 trillion a day of global currencies were traded on average in April, compared with $5.4 trillion in April 2013, according to a Bank for International Settlements survey released Thursday—a poll that is conducted every three years. The drop happened in the spot market, where investors buy and sell currencies outright. Volume fell 19% to a daily average of $1.7 trillion...............................................Full Article: Source
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