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G10 volumes were overall higher last week – DB

FXStreet (Barcelona) - Deutsche Bank highlights the Forex Flow data (data from Friday, 21 Nov).

Key Quotes

“G10 volumes were overall higher last week, with the largest pickup in USD/CHF and EUR/CHF increasing by 40% and 35% week-on-week, respectively, followed by EUR/USD (+22%), USD/JPY (+21%) and NZD/USD (+18%).”

“Looking at high frequency data, dips in USD/JPY typically translated to sizable pickups in volume. For example after failing to break 117.00 on the Tuesday London morning session and 118.50 on the Friday Asia session, the two-hour window volumes were approximately twice that of the other days.”

“CHF volumes remain heavy ahead of the Swiss Gold Referendum. Both EUR/CHF and USD/CHF weekly volumes are currently above the 90th percentile relative to their 5Y histories.”

“8% of AUD/USD weekly volume was transacted in the two hour window following the PBOC benchmark rate cuts. Market participation in AUD/USD remains light, however, with weekly transacted volumes at the 43th percentile relative its own 5Y history.”

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