SGX hits high in USD/CNH futures
USD/CNH futures trading breaks multiple records on August 16 as renminbi drops to new lows
Futures volumes in the Chinese renminbi have soared to new daily highs on the Singapore Exchange as currency weakness and equity market turbulence bolstered trading.
On August 16, trading volumes in SGX’s flagship USD/CNH futures broke four records.
First, during the overnight session (T+1), volumes hit a notional of $1.86 billion across a total of 18,642 contracts traded.
Throughout the trading session (T), USD/CNH futures continued to rally, with a total value of $2.75 billion being traded
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