Reuters: US Dollar Report: FX daily volumes, values fall further in Nov - CLS

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

FX daily volumes, values fall further in Nov - CLS Dec 7th 2012, 12:38 LONDON | Fri Dec 7, 2012 7:38am EST LONDON Dec 7 (Reuters) - Average daily volumes and values in the foreign exchange market fell for the second month running in November, data from FX settlement system CLS Bank showed on Friday. Total volumes submitted to CLS, combining settlement and aggregation services, fell 3.9 percent to 965,818 in November from 1,005,312 in October, when volumes dropped nearly 10 percent. Volumes were also down around 12 percent from November 2011, when they stood at 1,097,022. CLS said it settled an average daily value of $4.6 trillion in November, down 0.9 percent from $4.66 trillion in October and below the $4.75 trillion recorded in November 2011. The average daily value peaked at $5.19 trillion in September. The CLS Aggregation Service daily input totalled 329,537 in November, down from 345,783 in October. The drop in volumes reflected a similar trend in currency trading platforms. Trading volumes on Thomson Reuters foreign exchange dealing platforms fell in November. Volumes at EBS, a platform owned by interdealer broker ICAP Plc , rose in November from October but were still down compared with the previous year. Market players say low volatility in currency markets and increased job cuts by banks across the globe has weighed on trading volumes. Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions