Real outpaces euro in exchange trading
In its quarterly report released last Monday (June 14), the BIS said investors increased their positions in foreign exchange futures and options with open interest increasing by 29% to $400 billion from the first quarter 2009 [TK]. This far outpaces growth in turnover, which was up 11% to $9 trillion over the same period.
Open interest in contracts on the Brazilian real rose by 41% to $140 billion, making it the second most important currency on the international derivatives exchanges in terms
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