LONDON, June 22 (Reuters) - Average daily turnover in foreign exchange markets soared 21% in May to $1.8 trillion versus the same month a year earlier, CLS said on Tuesday, aided by big rises in trading of the U.S. dollar against the euro, Japanese yen and Canadian dollar.
CLS, a major settler of trades in FX markets, said turnover was up across spot, forward and swap markets -- the latter by a notable 25% -- versus May 2020 levels.
While FX volatility remains subdued investors were busy changing their positioning on the U.S. dollar in May as they weighed up when the Federal Reserve would begin taking a more hawkish tone on monetary policy and its pandemic-driven stimulus.
Reporting by Tommy Wilkes; Editing by Saikat Chatterjee
Our Standards: The Thomson Reuters Trust Principles.
"Trading" - Google News
June 22, 2021 at 09:58PM
https://ift.tt/35HmChb
Daily forex volumes jump 21% in May as dollar trading picks up - CLS - Reuters
"Trading" - Google News
https://ift.tt/2tBJjTS
https://ift.tt/3djUFhc
Bagikan Berita Ini
0 Response to "Daily forex volumes jump 21% in May as dollar trading picks up - CLS - Reuters"
Post a Comment