Dollar boosts FX derivatives
NEWS
The 7% rise in the dollar against the euro and 6% gain made against the yen between April and the end of June set the backdrop for a 15% rise in exchange-traded currency derivatives turnover to $3 trillion, according to latest statistics by the Bank for International Settlements.
Activity soared to a new high in June, having remained close to the monthly average in the preceding quarter between April and May.
The fact that this pattern held for euro, yen and sterling contracts suggests that
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