USD/CNH futures trading hits record high in Singapore
Trade dispute-driven volatility sustains momentum as overall FX futures trading peaks
Trading in USD/CNH futures hit a record high of $73 billion on the Singapore Exchange in January, as volatility in the Chinese yuan rose on continued uncertainty over the US-China trade dispute.
This figure represents a surge of 146% over January 2018, when the total stood at $29.7 billion, the SGX said in a market update. Compared with the previous month ($65.4 billion), the rise was 11.6%.
Meanwhile, the average daily volume for USD/CNH futures was $3.32 billion in January, versus $2.17
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