July 6, 2011 / 4:18 PM / 8 years ago

Forex daily values zoom past $5 tln in June - CLS

LONDON, July 6 (Reuters) - The average daily values settled in the foreign exchange market crossed the $5 trillion mark in June for the first time, data from FX settlement system CLS Bank showed on Wednesday.

Daily values settled last month rose to $5.12 trillion from $4.8 trillion in May and showed a 21 percent jump from a year earlier.

But the average number of daily foreign exchange payment instructions slipped in June from May and were lower compared with June 2010. The average daily volume of payment instructions fell to 818,152 instructions in June from 842,747 in May.

The figure was also lower than 899,565 instructions in June 2010. (Reporting by Naomi Tajitsu; Editing by Ruth Pitchford)

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