MOEX’s FX Turnover Snaps June’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 July 2017, having failed to sustain its strong momentum seen last month in light of a less volatile market trading atmosphere.

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During the reported month, FX market turnover at MOEX dropped 13.3 percent month-over-month to RUB 26.8 trillion ($442 billion) from RUB 30.9 trillion ($520.3 billion) in June 2016. However, the figure secured a consecutive yearly growth, jumping by 3.7 percent year-over-year from RUB 25.9 trillion in June 2017.

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