FX Week



The Shanghai-based China Foreign Exchange Trade System traded $32.6 billion of foreign currency in the year to June 30, officials say. Average daily turnover was $265 million, 3.4 per cent more than for all of 1994. The Chinese currency gained 73 per cent against the dollar in the first half of 1995.

JP Morgan reports higher second-quarter trading revenue compared to year-ago levels. Combined revenue from FX was up slightly during the quarter, reports Morgan; however, it does not break

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