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Currency trading quantities increased globally in October from a year earlier, according to brand-new data from some of the globe's biggest reserve banks.
The data show a revival in foreign-exchange trading amidst hefty relying on the decline of the Eastern yen and expectations of a wind-down in stimulus from the UNITED STATE Federal Reserve, as well as a rise in high frequency and retail trading. Average everyday foreign-exchange volume rose to $3.873 trillion in October 2013, from $3.604 trillion in the previous October, baseding on reports published Tuesday.
The data, provided by reserve banks in Japan, Australia, the U.S., Singapore, the U.K. and Canada, cover about 75 % of money trading.
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