Hotspot FX continues year-on-year growth

The total amount traded for July was $726.7 billion, a 48% increase from July 2009.

Volumes were, however, 11% down on June, when average daily volumes reached $37.20 billion.

The electronic communications network said that of the 20 most active currency pairs, EUR/JPY had the highest percentage increase in trading activity (0.84%) making it the sixth most active pair in July. Notable volume increases also occurred in EUR/SEK (0.80%) and USD/JPY (0.45%). However, trading activity in gold

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