FX Turnover in Australia Signals Plateau as AUD Decline is Arrested

[kreslik.news]

The Australian Foreign Exchange Committee has released its latest survey data about the trends on the Australian foreign exchange market. The study encompasses data from from 24 financial institutions that are actively participating in the Australian foreign exchange market.

Looking at the trends in total volumes, the figures in Australia are rebounding, albeit mildly. The total average daily volumes (ADV) across all over-the-counter (OTC) markets amounted to $134.8 billion in April 2016, when the survey data was collected. This marks for a year-on-year increase of 3 per cent, but a decline when compared to the previous survey’s data in October.

Looking at ... (read more)