Foreign Exchange Committee’s North American Volumes Notch YoY Growth

[kreslik.news]

The Foreign Exchange Committee (FXC), a multi-national cooperative conducting a semi-annual survey that includes FX data from leading dealers and banks, has reported its North American volumes today, which include the period of October 2016, according to a New York Fed filing.

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For the month ending October 2016, average daily volume in total over-the-counter (OTC) foreign exchange instruments, which includes spot, outright forward, foreign exchange swap and option transactions, came in at $881.3 billion. This constituted a fall of -1.3% from the average back in April ... (read more)