North America FX daily volume up

28 Jan, 2018

The average daily volume in the North American currency market rose in October 2017 from a year earlier, boosted by increases across all types of foreign exchange instruments, according to a semi-annual survey by the New York Federal Reserve's Foreign Exchange Committee released on Thursday. Total daily volume was $944.3 billion in October, up 7.1 percent from a year ago, and 6.2 percent higher from the April survey.
Trading in the euro against the dollar and the greenback versus the Mexican peso as well as against the Canadian currency showed the largest increases in volume, the survey showed.

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