
Hotspot FX volumes up year-on-year
Volumes were, however, down on May, when average daily volumes peaked at $48.7 billion.
The electronic communications network said that, of the 20 most active currency pairs, the GBP/USD had the highest percentage increase in trading activity (4.52%) making it the second most active pair in June. Notable volume increases also occurred in AUD/USD (1.76) and XAU/USD (0.11%).
Trading activity in gold more than tripled in June, resulting in it becoming the newest addition to the top 20, replacing USD
More on Foreign Exchange
Average reported daily UK FX turnover hits record high
Daily turnover of $2,881bn in October 2019, up 2% from previous high of $2,821bn in April
PBoC injects 1.2 trillion yuan as markets plunge
Chinese central bank eases to support economy as coronavirus spreads; Q1 GDP growth could drop to 4%
Spot volumes on platforms resumed downward trend in 2019
But an uptick was seen in FX swaps and forwards submitted for settlement
PBoC extends market closure as coronavirus spreads rapidly
Chinese central bank extends interbank markets closure and vows to maintain ample liquidity