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FX volumes on ICAP's EBS platform jumped after Trump win

Fri, 02nd Dec 2016 11:44

Dec 2 (Reuters) - The big moves on currency markets afterDonald Trump's election last month drove a 37 percent rise inaverage daily trading on ICAP Plc's EBS trading platformin November compared with a month earlier, the company said.

Trading in the three big currencies on the platform - thedollar, euro and Japanese yen - rose by as much as 52 percentfrom October, ICAP said, as expectations of higher inflationunder Trump drove a sustained dollar rally.

"Increased confidence about a December rate hike by the U.S.Fed also spurred buying of the greenback," ICAP said.

London-based ICAP said last month its platforms saw thesecond-biggest volume of business in U.S. Treasuries on recordand a doubling of currency volumes on the night of the U.S.presidential election. (Reporting by Noor Zainab Hussain in Bengaluru; Editing byDavid Holmes)


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