Global Currency Trading Surges to $7.5 Trillion a Day, BIS Says
- April daily volume climbs 14% from 2019, survey shows
- Dealers trade more as swings create ‘inventory imbalances’
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Trading in the global foreign-exchange market jumped to an all-time high amid heightened volatility, according to the Bank for International Settlements.
Average daily transactions in April increased to $7.5 trillion, up 14% from the same month in 2019, the BIS said in its triennial survey published Thursday. That compares with a growth rate of 30% in 2019 and a contraction of 5% in 2016.