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EuronextFX Hits New High for the Year as FX Volumes Rebound in August

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.

Colin Lambert

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