The central bank figures released earlier this week pointed to a continued increase in FX volumes. But the numbers were for April.
The other night I was out with some pals from the currency option market and they seemed to say that volumes had contracted dramatically in the last couple of months. “Fallen off a cliff”, was the expression they used.
It seems a little early for ‘summer holidays’ to take the rap for this supposed tumble in trading.
Thanks for your interest in Euromoney!
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