Bank for International Settlements: Global foreign exchange trading volume soared to US$9.6 trillion in April
data from the Bank for International Settlements (BIS) shows that due to the intense exchange rate fluctuations caused by US trade tariffs, the global foreign exchange market trading volume has surged to a historic high. Preliminary findings indicate that the average daily turnover of over-the-counter (OTC) transactions in April reached $9.6 trillion, an increase of 28% compared to the same period in 2022. At the same time, the average daily trading volume of OTC interest rate derivatives soared by 59% to $7.9 trillion. This one-month market snapshot coincides with the most turbulent period in foreign exchange trading so far this year. Trump's "Liberation Day" tariff announcement on April 2 sent global assets into a frenzy, weakening the US dollar due to its safe-haven status being undermined. A currency volatility index from JPMorgan rose to its highest level in two years that month.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ECB shifts stance! Will interest rate hikes resume in 2026?
In the debate over "further tightening" versus "maintaining the status quo," divisions within the European Central Bank are becoming increasingly public. Investors have largely ruled out the possibility of the ECB cutting interest rates in 2026.
On the eve of Do Kwon's trial, $1.8 billion is being wagered on his sentence
Dead fundamentals, vibrant speculation.
Space Review｜When the US Dollar Weakens and Liquidity Recovers: Cryptocurrency Market Trend Analysis and TRON Ecosystem Strategy
This article reviews the identification of macro turning points and the capital rotation patterns in the crypto market, and delves into specific allocation strategies and practical approaches for the TRON ecosystem during market cycles.
30-Year Wall Street Veteran: Lessons from Horse Racing, Poker, and Investment Legends That Inspired My Bitcoin Insights
What I focus on is not the price of bitcoin itself, but rather the position allocation of the group of people I am most familiar with—those who possess significant wealth, are well-educated, and have successfully achieved compounding returns on capital over decades.
Trending news
MoreCrypto prices
More
