September 2010, news round-up
Non-banks lead 20% rise in FX turnover
Preliminary statistics from the Bank for International Settlements' triennial foreign exchange survey released on September 1 revealed average daily turnover grew by 20% to $4 trillion in April this year versus April 2007. The growth rate is down sharply on the 71% rise in average daily turnover in the preceding three-year period.
Analyst said the fall-off is rooted in a drop in cross-border trade, as markets navigate out of the global financial crisis
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
