Currency Trading Surged Overnight as Trump Win Unfolded: ChartBy
Foreign-exchange trading swelled overnight during the announcement of the U.S. election results. Trades for the euro-dollar pair were 10 times the average for the year between 2 a.m. and 3 a.m. London time, while volumes for the dollar-Mexican peso cross were 63 times normal levels for that hour, according to data from CLS, operator of the world’s largest currency-trading settlement system. The total was more than double normal levels between 8 a.m. and 9 a.m. in London, when Republican candidate Donald Trump was confirmed as the new president.
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