The Bank for International Settlements has explained what it sees as the factors behind the robust growth in the FX market. I won’t regurgitate the whole of the latest BIS Quarterly Review – I’m paid by the word and my editor won’t wear such a blatant attempt to get a Christmas bonus. If you want to see the whole thing, follow this link: https://www.bis.org/publ/qtrpdf/r_qt0712.htm.
BIS concludes that there seem to be some structural changes taking place that will help maintain the market’s expansion.
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