November trading results point to seasonal slowdown
LONDON & CHICAGO – Trading platforms experienced a mixed bag of results last month, with data from interdealer brokers indicating a seasonal decline ahead of the holiday season.
Icap reported average daily spot foreign exchange volume on EBS Spot was $131.2 billion last month, down from $137.6 billion in October and $167.4 billion in November 2008. The broker said Australian dollar trading increased, with EUR/AUD and GBP/AUD showing strong levels of trading.
Average daily spot FX volumes traded
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