January volumes up on December, down on year

Average daily volumes rose across major FX platforms, but were far off the numbers posted a year ago

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Going up: FX activity revitalised in January

Average daily trading volumes in foreign exchange bounced back in January from the lows seen in December, but activity is still below the levels seen at the start of 2015, with flows and settlement instructions declining year-on-year.

Settlement utility CLS saw both the number of instructions and settled values decrease, compared with the same month a year ago, but both metrics saw a rise month-on-month, with daily input volumes standing at 1.249 million against 961,698 in December. The average

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