September trading positive for Reuters FX

Friday, 07/10/2011 | 09:05 GMT by Adil Siddiqui
  • The summer of 2011 has continued to show strong volatility and the largest ECN's brokers and exchanges have continued to out perform. Reuters has announced their September trade volumes which significantly higher than August figures.
September trading positive for Reuters FX

The summer of 2011 has continued to show strong Volatility and the largest ECN's brokers and exchanges have continued to out perform. Reuters has announced their September trade volumes which significantly higher than August figures.

Volumes averaged more than $176 billion a day in September--the second-highest ever quantity --after an average of $166 billion a day in August. September's tally was surpassed only in May 2010, the company said.

The new volumes represent 32% growth compared with September 2010, showing that the foreign Exchange market continues to grow rapidly.

EBS reported stronger figures however currencies offered by EBS including: EUR/USD, USD/JPY, EUR/JPY, USD/CHF and EUR/CHF account for the bulk of interbank flow.

September saw markets turn dramatically on the back of Feds QE3 discussions, this was strengthened by Greece's debts causing more shake up with the EU having to bail them out.

The Dollar Index, which Inter Continental Exchange uses to track the greenback against the currencies of six U.S. trading partners, touched 78.798 on Sept. 22, the highest level since Feb. 14.

The yen has appreciated 11.2 percent during the past three months, the best performer among the 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Currency indexes. The dollar, the second-best performer, gained 5.3 percent while the euro has lost 0.9 percent.

Japan’s currency reached a decade-high of 102.22 versus the euro on Sept. 22 as BOJ has been supporting Yens price surge.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.

The summer of 2011 has continued to show strong Volatility and the largest ECN's brokers and exchanges have continued to out perform. Reuters has announced their September trade volumes which significantly higher than August figures.

Volumes averaged more than $176 billion a day in September--the second-highest ever quantity --after an average of $166 billion a day in August. September's tally was surpassed only in May 2010, the company said.

The new volumes represent 32% growth compared with September 2010, showing that the foreign Exchange market continues to grow rapidly.

EBS reported stronger figures however currencies offered by EBS including: EUR/USD, USD/JPY, EUR/JPY, USD/CHF and EUR/CHF account for the bulk of interbank flow.

September saw markets turn dramatically on the back of Feds QE3 discussions, this was strengthened by Greece's debts causing more shake up with the EU having to bail them out.

The Dollar Index, which Inter Continental Exchange uses to track the greenback against the currencies of six U.S. trading partners, touched 78.798 on Sept. 22, the highest level since Feb. 14.

The yen has appreciated 11.2 percent during the past three months, the best performer among the 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Currency indexes. The dollar, the second-best performer, gained 5.3 percent while the euro has lost 0.9 percent.

Japan’s currency reached a decade-high of 102.22 versus the euro on Sept. 22 as BOJ has been supporting Yens price surge.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.

About the Author: Adil Siddiqui
Adil Siddiqui
  • 1625 Articles
About the Author: Adil Siddiqui
  • 1625 Articles

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