Global Forex Trading Volume Drops 4% in April From Year Ago
By Stephen L. Bernard at Dow Jones
Global foreign-exchange trading volume dropped 4% in April, the first year-over-year decline since the global credit crisis slowed markets in 2008 and 2009.
Foreign-exchange trading volume fell in four of the five regions that report global trading volume: the U.K., Singapore, Australia and Japan. North American trading volume rose 0.5% year-over-year, according to the Federal Reserve Bank of New York.
Average daily trading volume in North America, which includes trading in the U.S., Canada and Mexico, rose to $859.8 billion in April from $855.5 billion during the same month a year earlier.