The rising heat around the trade war and general volatility in exchange rates saw CboeFX and Euronext FX volumes rebound strongly from a poor July.
CboeFX says it handled $33.1 billion in spot volume per day in August, a 20.3% gain from July and fully reversing the drop in that month from July. Year-on-year, CboeFX average daily volume (ADV) is down 5.2%.
Meanwhile, EuronextFX says its ADV in spot in August was $22.3 billion, the highest mark set by the platform this year and its highest since May 2018. This represents a 32.7% rise from July and a 14.4% increase year-on-year – the first time the platform has managed an annualised increase in 2019. The EuronextFX Tape also saw a healthy increase in activity, reporting ADV of trades worth $92.3 billion, up 17.3% from the moribund July and up 10.4% from August 2018.