The New Zealand dollar in global markets

Release date
15/11/2017
Reference
Vol. 80. No. 9. November 2017
Author
Michael Callaghan
Main file
ISSN
ISSN 1177-8644

Turnover in global foreign exchange (FX) markets has declined over the past three years, driven by a decline in spot trading. The slowdown in FX turnover has been attributed to structural changes, such as regulation and an associated reduction in risk appetite. Financial institutions have reduced their market-making activities in response to these developments.