London dominates in forex
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GLOBAL – London reigns supreme as the global hub for foreign exchange, despite a faster rate of recovery experienced in New York in the six months to October, reveal regional statistics released last week.
Daily forex turnover in London dwarfed that of rival financial centers, reaching $1.5 trillion, but New York volumes were the fastest to bounce back, with average daily turnover up 28.1% to $657 billion (see
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