Moscow Exchange’s FX Volumes Continue to Drop for a Second Month

[kreslik.news]

The Moscow Exchange (MOEX), Russia’s main venue for trading in several asset classes, has released its trading volumes for the month ending June 2018 – the exchange’s FX volume was unable to recover from recent lows with weaker ruble volumes ultimately preventing a rebound from last month’s figures.

Just one month after incurring a sizable decline in FX market turnover, MOEX reported a reading of RUB 28.3 trillion ($447.8 billion) in June 2018, corresponding to a decline of -6.3 percent month-over-month from RUB 30.2 trillion ($490 billion) in May 2018.

In recent years, MOEX’s FX market has developed from a limited segment ... (read more)