FX news: Additional August volumes not bucking the trend
Hotspot FX and CME followed the low volume August trend (Low volume August).
Hotspot FX reported ADV of $31.0 billion in August, down on July which saw an ADV of $33.0 billion.
CME averaged 818,000 contracts per day, reflecting ADV of $104 billion. Contracts were down on July, which averaged 833,000 contracts per day, but ADV remained the same at $104 billion reflecting the increased interest in AUD contracts and the strengthening of the AUD.