LONDON (Reuters) – Average daily turnover in foreign exchange markets soared 21% in May to $1.8 trillion versus the same month a year earlier, CLS said on Tuesday, aided by big rises in trading of the U.S. dollar against the euro, Japanese yen and Canadian dollar.
CLS, a major settler of trades in FX markets, said turnover was up across spot, forward and swap markets — the latter by a notable 25% — versus May 2020 levels.
While FX volatility remains subdued investors were busy changing their positioning on the U.S. dollar in May as they weighed up when the Federal Reserve would begin taking a more hawkish tone on monetary policy and its pandemic-driven stimulus.
(Reporting by Tommy Wilkes; Editing by Saikat Chatterjee)
https://kfgo.com/2021/06/22/daily-forex-volumes-jump-21-in-may-as-dollar-trading-picks-up-cls/
2021-06-22 15:36:42Z
CBMiXmh0dHBzOi8va2Znby5jb20vMjAyMS8wNi8yMi9kYWlseS1mb3JleC12b2x1bWVzLWp1bXAtMjEtaW4tbWF5LWFzLWRvbGxhci10cmFkaW5nLXBpY2tzLXVwLWNscy_SAQA
Bagikan Berita Ini
0 Response to "Daily forex volumes jump 21% in May as dollar trading picks up – CLS - KFGO News"
Post a Comment