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The Bank of International Settlements has just released the preliminary results from its triennial survey of the foreign exchange market. The findings show that the global trading volumes in FX have declined by about 4 percent to $5.1 trillion daily. The previous survey’s result in 2013 has shown about $5.4 trillion changing hands daily.
The main takeaway from the survey’s results is that spot trading has declined at the expense of an increase in FX swaps. This is the first decrease in FX spot trading since 2001, with FX derivatives markets not being affected by the shift in sentiment.
The decline could ... (read more)