- Institutional Forex trading volumes rebounded in November, driven by the strengthening U.S. dollar, surpassing recent five-month lows.
- Major exchanges, including TFX, Cboe, 360T, and Euronext FX, reported significant increases in spot FX trading volumes last month.
Institutional Forex trading saw a significant rebound in November, driven by a stronger U.S. dollar. Following a dip in October, trading volumes across major global venues bounced back as the dollar continued its upward momentum, testing two-year highs against a basket of currencies.
On the Tokyo Financial Exchange (TFX), Click 365 recorded a 5.3% month-over-month rise in trading volumes, totaling 1,797,103 contracts.
In the U.S., the Cboe exchange saw spot FX volumes exceed $1 trillion, reflecting a robust recovery. Similarly, Germany’s 360T and Euronext FX’s Fastmatch platforms reported improved performance, with notable increases in average daily volumes.
Despite the weak Euro, particularly against the U.S. dollar, the institutional FX market remained resilient. The resurgence in trading volumes highlights continued confidence in the FX market, even amid currency fluctuations.
