FX Trading Volumes at Alpari Russia Lower by 5% in June to $88.5 bln

FX trading volumes at Alpari Russia have concluded a dismal second quarter as all three months have market consecutive declines as all time low volatility settled across the foreign exchange markets. The company’s statement revealed that another 5% has been shed during the month of June when compared to the month of May, with the metrics coming out at $88.5 billion monthly.

Activity during the month has been most pronounced in the EUR/USD pair, where we have seen almost half of trading activity (48.9%), while the GBP/USD followed with 21.2% and the USD/JPY pair with 4% (substantially lower than the 6% it took in May).

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During the quarter, volumes at the Russian brokerage totaled $288.8 billion, which is lower by 23.5% over the first quarter. That said, activity on the local foreign exchange market during the first quarter increased due to geopolitical tensions and marked a better number than the last quarter of 2013.