MOEX’s May FX Turnover Continues Slide Off Recent Highs

[kreslik.news]

Moscow Exchange (MOEX), Russia’s largest institutional trading venue, has released its trading volumes for the month ending May 2017 – 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.

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May 2017 featured no shortage of global market drivers and volatility in the US and Europe, though ruble trading and emerging markets were devoid of any major moves during the month. Just one month after incurring a sizable decline in FX market turnover, MOEX reported a reading of RUB 29.3 trillion in ... (read more)