February 2010
Foreign exchange: Volumes rebound across currency markets
Average daily spot jumped 32%, says FEC
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...
You must be a subscriber to read this article.
If you are already a subscriber, please log in now to view.
Enter your username (email address) and password at the top right-hand side of euromoney.com.
If you have yet to take a free trial to the site, you may do so now to read this content. Sign up below.
If you do not currently have access to this content visit the subscription page or call our hotline on +44 (0)207 779 8999.
Subscribe online now and save up to 30%
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
- 12 months access in print and online - on euromoney.com, read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 1996
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe
Because the financial sector is oversupplied with information, facts and figures and daily emails, you need one trusted source that will keep you updated on many markets. Reading Euromoney will save you time, save you money, help you spot new business opportunities and minimise risks to your existing operations.Every issue gives you a concise yet detailed update on the key developments from your specialist sector whilst keeping you informed of what is happening in other core areas.
Your free trial will bring you -
Exclusive interviews: Read what the best minds in the markets are thinking. Euromoney speaks to CEOs, Finance Ministers and Central Bank Governors so that you get first hand details behind the success or failure of the world's leading institutions and nations.
In-depth features: Get the detail, data and analysis behind the headlines that other financial press don't have time to provide. Our journalists give you the legal, regulatory and market considerations that are driving developments in the global capital marlets.
Market Insight: You get insight that data screens just don't give you. Our journalists based in the local markets, as well as the major financial centres, get you closer to the action. Helping you spot market trends, threats and opportunities, and sharing insights into the latest developments shaping the world you work in.
Don't miss out on this offer. Take a free trial today!
Click here to take a online trial