FX market going global: BIS

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The foreign exchange market has steadily become more international, preliminary statistics published Wednesday by the Bank for International Settlements (BIS) showed.

The Basel-based bank said the share of cross-border transactions in foreign-exchange market activity had increased to 65% by April this year, when the figures were collated from the reports of 53 central banks worldwide. This represents a three percentage point increase from the last edition of the triennial survey, conducted in Ap

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