BIS survey points to turnaround in global forex volumes

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The Bank for International Settlements' (BIS) latest three-year survey of foreign exchange markets suggests volumes may be slowing or even going into reverse.

The average daily volume of trade in over-the-counter foreign exchange markets fell from $5.4 trillion in April 2013 to $5.1 trillion in April 2016. The BIS noted the figure may have been skewed by unusually high volume in 2013 due to Japanese monetary policy, and added that at April 2016 exchange rates there was actually a slight increase

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