Forex Weekly Look Back: Australia cuts rate to record low, key traders’ demands discussion, and more

the most popular Forex industry news from the past week

Looking back at the most intriguing and popular Forex industry news from the past week at LeapRate.

Jan Kotowski, X Open Hub’s International Business Developer and a financial market enthusiast and individual trader with over 11 years of experience joined LeapRate to discuss the year ahead for X Open Hub, key traders’ demands in 2019 and retail trading industry.

Germany’s Federal Financial Supervisory Authority (BaFin), released guidelines earlier in the week, categorizing digital assets as financial instruments and defining them in line with the Financial Action Task Force (FATF).

Australia’s central bank announced it has cut its benchmark interest rate to a record low of 0.5% to “support the economy” amid Coronavirus outbreak.

The dollar reached new multi-year highs as in the beginning of the year it was 3.67% up against the Euro. However, the Coronavirus crisis has softened the results and threatened to shut down the European economy. Amidst the virus spread panic, Euro has actually strengthened.

The Exness Group broke another volume record in February. The company announced that its trading volume for last mount reached US$473.8 billion, up 13% MoM.

FXSpotStream announced increased volume in February. The company hit a new daily volume record of USD86.953 billion. The new record represents a 47.84% increase over the prior daily volume record set in August of last year of USD58.8 billion.

Cboe reported their February 2020 volumes, making great raises compared to February the previous year.

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