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FX Volumes Mostly Muted, But Month-End Props Up NOK, CNY Activity

FOREX

No surprise to see FX volumes a little muted today, but there are a few hotspots of activity being supported by month-end flows - most notably NOK, which has already twice the daily average volume at the NY crossover, with CNY not far behind.

Quietest markets are GBP (UK bank holiday clearly muting activity there) and CAD:


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