Forex trading on the rise again
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Average daily volume in FX spot transactions rose 44.6% on the previous year, while forward transactions rose 66.4%, according to the Foreign Exchange Committee's semi-annual FX volume survey for April. The survey found average daily volume in all over-the-counter FX instruments – including spot transactions, outright forwards, FX swaps and options – totalled $577 billion, a 31.5% increase over April 2005.
James Sinclair, head of strategy and research at EBS, said the driving force behind the
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