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Forex Volumes for Saxo Bank Highest since May 2023
Denmark-originated broker Saxo Bank reported higher trading volumes in the forex (FX) market for October, breaking a four-month streak of consecutive declines. The total FX volume for the past month stood at $112.5 billion, showing a 6% increase compared to September 2023. The overall monthly volume also recorded a more pronounced increase. According to the latest data published by the broker, the average daily volume (ADV) remained steady at $5.1 billion, but the total FX volume rebounded from $106.1 billion. The October values were the highest since May and among the highest this year. This allowed for a break in ... (full story)