UPDATE 1-FX volume rises, North America, UK hit record - survey

Mon Jul 29, 2013 12:55pm EDT
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* North America, UK post record high daily turnover

* Dollar/yen drives jump in volume

* CLS data shows average daily value at $5 trillion

By Anirban Nag and Wanfeng Zhou

LONDON/NEW YORK, July 29 (Reuters) - Average daily currency turnover in the world's largest foreign exchange centres rose in April from six months earlier, with North America and the UK posting record high volumes, a biannual survey from major central banks released on Monday showed.

Increased activity in the U.S. dollar versus the Japanese yen trade helped boost volume after Japan's aggressive easing efforts pushed its currency sharply lower.

In North America, the average daily volume in over-the-counter foreign exchange instruments, including spot, outright forward, foreign exchange swap, and options reached $1.0 trillion in April, according to the New York Federal Reserve-sponsored Foreign Exchange Committee.

The gain marked an increase of 27 percent from October and the highest since the survey inception. Compared with a year earlier, volume rose 17 percent.   Continued...