Trading volumes of currencies shrank 7.6 percent in February from a year earlier, Refinitiv data showed, as a slump in foreign exchange price volatility discouraged traders from buying and selling. Average daily trading volumes touched $428 billion in February, down from $463 billion a year earlier and $446 billion in January, Refinitiv said in a statement published late on Wednesday.
Declining activity in the spot market was behind the fall, with spot volumes - at $87 billion - having their worst month since August 2017. Other volumes, which include swaps and options, held up much better.
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