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FX volumes on ICAP's EBS platform jumped after Trump win

Reuters - UK Focus

Dec (Shanghai: 600875.SS - news) 2 (Reuters) - The big moves on currency markets after Donald Trump's election last month drove a 37 percent rise in average daily trading on ICAP Plc (Frankfurt: A0BKYB - news) 's EBS trading platform in November compared with a month earlier, the company said.

Trading in the three big currencies on the platform - the dollar, euro and Japanese yen - rose by as much as 52 percent from October, ICAP said, as expectations of higher inflation under Trump drove a sustained dollar rally.

"Increased confidence about a December rate hike by the U.S. Fed also spurred buying of the greenback," ICAP said.

London-based ICAP said last month its platforms saw the second-biggest volume of business in U.S. Treasuries on record and a doubling of currency volumes on the night of the U.S. presidential election. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by David Holmes)