Notes of Note from John F. Ince

The global currency-trading business expanded at a double-digit rate in the six months to April this year, data from key monetary authorities around the world showed Monday.

The strong growth puts the foreign-exchange market on track to top a record $4 trillion in daily trading volume, extending its recovery after the global recession caused activity to dry up in the first part of 2009.

Worries over the euro zone’s sovereign debt crisis and concern over the pace of the global recovery are likely to keep volatility—the main driver behind the currency market’s recent trading rebound—high.

via work: Forex Trade Returns to Precrisis Levels, Nears $4 Trillion Daily.


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