FX volumes surge as BIS warns of emerging market fragility
Dollar appreciation will dominate markets in 2015
Foreign exchange volumes have surged to more than $5.5 trillion per day for the first time since late 2013, according to the latest Bank for International Settlements (BIS) quarterly review, as the recent uptick in volatility sustained itself throughout the final months of 2014.
After their rapid increase towards the end of last year, FX volumes were locked in stasis for much of 2014, hampered by some of the lowest volatility ever experienced by many market participants. Conditions have improved
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