MOEX’s FX Turnover Snaps July’s Positive Momentum, but Secures Growth YoY

[kreslik.news]

Moscow Exchange (MOEX), Russia’s largest institutional trading venue, has just released its trading volumes for the month ending August 2018, having failed to sustain the strong momentum seen last month in light of a less volatile market trading atmosphere.

During August 2018, MOEX’s total FX market turnover was reported at RUB 31.4 trillion ($461 billion), falling by -3.4 percent month-over-month from RUB 32.5 trillion ($513 billion) in July 2018.‎ However, the latest reading corroborates an uptick in volumes at the exchange on a year-over-year basis, as the figure secured a consecutive yearly growth in US dollar terms, jumping by ... (read more)