Isn't President Trump getting rid of Dodd-Frank more likely than someone else? More USA traders will only help the Forex market and it thievery. Es
https://www.forexlive.com/orders/!/...-volumes-surge-to-highest-ever-level-20190916 Global currency trading volumes surge to highest-ever level Trading in the foreign exchange market has hit $6.6 trillion per day, according to the latest survey from the Bank of International Settlements. The BIS today reported today that volume in the survey month of April rose 29% compared to 2016. The comprehensive survey is conducted every three years. Aside from the jump, what stands out was the rise in swaps trading -- which is now nearly half the market. Other key details: 88% of all trades include USD London accounts for 43% of all activity US trading is 17% EM currencies are now 25% of turnover Trading involving the euro hit 32% Trading involving the yen at 17% Yuan trading is 4% Spot FX trading rose 20% to $2 trillion The changes in volumes of the major currencies was muted compared to 2016 aside from a small drop in the yen but that may have been due to lower volatility in the survey month.