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William L. Watts
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Thursday, 02 September 2010 09:48 |
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MarketWatch
Daily turnover in the world's foreign-exchange markets has soared to $4 trillion, the Bank for International Settlements said Wednesday.
In its survey, conducted every three years, the Basel, Switzerland-based BIS found that global turnover in April 2010 was up 20% from $3.3 trillion in April 2007.
Spot transactions led the rise, increasing to $1.5 trillion a day in 2010 from $1 trillion in 2007. Other forex instruments saw turnover rise 7%, for an average daily turnover of $2.5 trillion.
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