After the expected fall in volumes in the first quarter of 2009, the FX market has reassessed the risks and volumes are growing once again. The latest data show the market is in good health.
In New York, the Foreign Exchange Committee’s 11th survey of North American volume found that the total average daily turnover in over-the-counter instruments, including spot transactions, outright forwards, FX swaps and options, totalled $675 billion during October 2009, an impressive increase of 28.1% on April 2009. This level of activity is almost back to those of October 2007 and...
