OTC FX volumes drop 21% in H2
BASEL - A rise in counterparty credit fears contributed to a 21% fall in notional volumes of over-the-counter foreign exchange derivatives, to $49.8 trillion in the second half of last year, according to dealers.
The drop is part of a 13.4% contraction in the overall OTC derivatives markets, at $592 trillion, according to the Bank for International Settlements' (BIS) semi-annual figures released May 19. The data measured notionals among dealers in G-10 countries, who reported deals both with
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