Forex Blog: Currency Trading News & Analysis.

September 28th 2007

Global forex volume surges

The Bank of International Settlements just released the results from its first survey of Central Banks in over three years, and the results were startling.  Forex volume rose 71% to $3.2 trillion per day, cementing the status of forex as the world’s largest market. Trading in forex derivatives also surged, to an average of over $2 trillion per day.  While the role of the USD has slipped somewhat, it remains the world’s reserve currency as evidenced by the fact that it represents over 40% of all forex volume. FinFacts reports:

"A significant expansion in the activity of investor groups including hedge funds" as well as individual investors also contributed to the increase."

Read More: Global daily turnover in currency markets rises…

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Posted by Adam Kritzer | in Investing & Trading | No Comments »

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