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Summer Lull Hits Saxo: FX Volume in August Remains Flat

Saxo Bank, a well-known brand in the retail trading space, released its monthly metrics for August, revealing a drop in monthly forex trading volume to $112.3 billion from the previous month’s $112.9 billion. The daily average volume also came down to $4.9 billion from $5.4 billion, a decline of 9.2 percent. Flat FX Demand on Saxo The timid demand was expected due to the impact of the summer holidays on the trading demand. A similar trend can be seen across other trading venues, retail or instit... Read More

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Summer

Lull

Hits

Saxo

Volume

August

Remains

Flat

Forex

Posted: Sep 6 2023, 06:56

Author Name: financemagnates

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