US Tariff Shock Drove Global FX Trading to Record, BIS Says

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Global foreign-exchange trading reached a record high of $9.5 trillion per day in April, driven by US tariff shocks.

Market Impact

Market impact analysis based on bullish sentiment with 81% confidence.

Sentiment
Bullish
AI Confidence
81%

Article Context

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Global foreign-exchange trading surged to an all-time high this year, averaging $9.5 trillion per day in April after US President Donald Trump’s trade tariffs roiled markets, according to the Bank for International Settlements.

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Original article published by Bloomberg on December 8, 2025.
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