LONDON, July 6 (Reuters) – The average daily values settled
in the foreign exchange market crossed the $5 trillion mark in
June for the first time, data from FX settlement system CLS Bank
showed on Wednesday.
Daily values settled last month rose to $5.12 trillion from
$4.8 trillion in May and showed a 21 percent jump from a year
earlier.
But the average number of daily foreign exchange payment
instructions slipped in June from May and were lower compared
with June 2010. The average daily volume of payment instructions
fell to 818,152 instructions in June from 842,747 in May.
The figure was also lower than 899,565 instructions in June
2010.
(Reporting by Naomi Tajitsu; Editing by Ruth Pitchford)