FX turnover drops for a second consecutive month in November

US – CHINA trade talks & BREXIT are one of the main drivers of foreign exchange (FOREX) market. The volume of FOREX traded daily declined by 4.2% in November 2019 to $1.61 trillion from $1.68 trillion as at November 2019 while declining by 10% when compared with October 2019. FOREX volumes have been rising in 2019 generally with very low volatility, but uncertainty about US – CHINA trade talks and winner of last week’s general election in Britain led to decline in FOREX trades.
Reuters