China forex volumes rise

Average daily volume was $720 million in January, with the US dollar accounting for the majority of deals at $15.52 billion in January. However, the euro accounted for just $0.04 billion of monthly trades, well behind the yen and Hong Kong dollar.

Analysts said the low level of euro trading raised questions over the People’s Bank of China’s statements on increasing the euro share of China’s vast FX reserves.

"The reiteration of this objective has tended to correspond to European official

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: