Forex trading declines

From WSJ:

Average daily trading volumes declined more than one-fifth in the six months to April 2009, according to surveys of committees hosted by central banks in the U.K., U.S., Canada and Singapore. The U.S. showed the sharpest fall: 31%.

The rest can be found HERE.

For a while, I thought this contradicted with a post I had sometime last week about investors still jumping into currencies even as equities trading have slumped.  But I suppose I was wrong.  Volume may have declined. But so did volumes for equities.  I don’t have the data but this only shows that while there are still investors attracted to benefits of forex and the effects of volatility on them, it’s undeniable the volume has just declined.

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