January's trading volumes were up from $1.599 trillion reported in December. Both months have seen volatility in currency markets remain at or near record lows. "Major macroeconomic factors affecting the FX market in January 2020 included the global threat of Coronavirus, Brexit, a US-China Trade Deal and strengthening of the USD, supported by superior growth and bond yield in the US," said CLS's Head of Information Services, Masami Johnstone.
Copyright Reuters, 2020