NEW YORK—Global foreign-exchange trading volume dropped for the
first time since the financial crisis, according to data released Monday
by four major central banks.
Average daily trading volume in
October totaled $3.470 trillion in North America, the U.K., Singapore
and Australia, which combined account for most of the world's
foreign-exchange activity. That is down from $3.474 trillion in April,
according to reports from central banks in the U.S., U.K., Australia and
Singapore. It was the first sequential drop in the semiannual survey
since April 2009, though volume was still up 15% from a year earlier.
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