DGCX volumes in G6 currencies surge in April amid continued global economic uncertainty – ZAWYA

DGCX volumes in G6 currencies surge in April amid continued global economic uncertainty – ZAWYA

In light of continued currency volatility and varying views on the dollar as a safe haven, the DGCX last month most notably recorded a surge in trading of its G6 currency portfolio, which registered year-on-year (Y-O-Y) volume growth of 653.45%. Dubai: The Dubai Gold and Commodities Exchange (DGCX) continued to see robust trading activity in April, with members increasingly seeking to protect themselves against volatility and global economic uncertainty.. Total volumes on the DGCX in April totaled 810,000 contracts, valued at USD 20.02 billion.. "The DGCX continues to operate normally across both the exchange and clearing house, and we remain committed to providing the vitally important functions of risk management and price discovery in today's challenging environment," Male added.. The contents of the press release was provided from an external third party provider.. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release..