Currency volumes have dried up to the lowest in two years as quiet markets give investors little reason to trade, according to data from CME Group, the largest FX venue. An average of $50.8 billion changed hands each day on CME’s spot platform, known as EBS, last month. That’s also the third-lowest reading since it started reporting activity in 2017, and compares with about $75 billion in early 2021. Foreign exchange markets have been rangebound, with the Bloomberg Dollar Index moving within a 2% band in October, amid signs that the Federal Reserve plans to hold interest rates steady after an aggressive run of ... (full story)