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Global foreign exchange trade jumps more than a third in 3 years to $5.3 trillion a day: BIS

From reuters.com

Trading in foreign exchange markets jumped by more than a third in the past three years to $5.3 trillion a day, or around 90 percent of Japan's entire annual economic output, a leading central bank survey showed on Thursday. The three-yearly survey by the Bank for International Settlements showed growth was driven by the rising power of hedge funds, insurance funds and other non-bank institutions, and London cemented its dominance as the center for forex trading. The U.S. dollar remained by far the most dominant currency, while the euro saw its share of total trade drop to the lowest since the currency's inception in ... (full story)

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