Spot volume retracts by one-third
Central bank surveys show spot FX hit badly since 2013
Average daily foreign exchange spot volume has fallen by nearly one-third over the past 12 months, according to market traders and recent data, after the latest biennial central bank forex survey revealed a 6% drop across all products globally.
The latest figures are a further sign that participants are pulling away from FX spot markets as global investigations into the alleged manipulation of the WM/Reuters benchmark, the departure of senior staff from major banks and historically low
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