Forex settlement volumes edge down in August – CLS

LONDON, Sept 9 (BestGrowthStock) – The average number of daily
foreign exchange payment instructions edged down in August from
the previous month after hitting a record high in May, data from
FX settlement system CLS Bank showed on Thursday.

Data showed the average volume of payment instructions was
726,833 per day in August, down slightly from 754,780 in July.
The record hit in May was 1,056,558. Volumes were up 20 percent
in August from the same period a year ago.

The average daily value settled in August was $3.95
trillion, little changed from $3.93 trillion the previous month,
it said.
(Reporting by Tamawa Desai; editing by Patrick Graham)

Forex settlement volumes edge down in August – CLS