Foreign-exchange trading in the U.S. and U.K. rose to records in October, reports from the nations’ central banks show, as American monetary policy diverged from that in Europe and Japan, boosting volatility.
Average daily currency turnover in North America was $1.1 trillion, the highest since the survey began in 2004, compared with $811.1 billion recorded in April and $816.3 billion in October 2013, the Federal Reserve-sponsored Foreign Exchange Committee said in a statement on its website. Daily volume rose in the U.K. to a record $2.7 trillion, up from $2.4 trillion in April, and $2.2 trillion a year earlier, the Bank of England’s Foreign Exchange Joint Standing Committee said.
Turnover in average daily trading in Japan was $373.2 billion in October, up from $362.9 billion in April and $372.7 billion a year earlier, the Tokyo Foreign Exchange Market Committee said.
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