Forex volumes plummet worldwide
GLOBAL - Foreign exchange volumes have crumbled worldwide as a more sparsely populated, volatile market in 2009 has reduced trading, reveal regional statistics released last week.
On July 27, foreign exchange committees from the UK, the US, Singapore, Canada and Australia released surveys on the level of turnover in their respective FX markets for April. All committees reported double digit falls in year-on-year FX turnover, with the UK, the largest FX centre, seeing average daily volumes drop
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