LONDON Feb 13 Average daily volumes in the
foreign exchange market jumped more than 40 percent in January
from the previous month, data from FX settlement system CLS Bank
showed on Wednesday.
The average daily value of transactions submitted to CLS
also climbed 12.6 percent to $5.19 trillion, rising above the $5
trillion level for the first time since September.
Traders said the bulk of the dramatic increase in volumes
came from sharp gains in the euro and dollar against the yen as
investors bet on aggressive policy easing in Japan.
Total volumes submitted to CLS, combining settlement and
aggregation services, rose to 1,244,505 from 885,203 in
December. That was a 31 percent rise from January last year when
volumes totalled 948,733.
The average daily value of transactions was up 18 percent
from year ago, when it totalled $4.38 trillion.