[Bank for International Settlements: Global Forex Trading Volume Soars to $9.6 Trillion in April] According to a report by Jinse Finance, data from the Bank for International Settlements (BIS) shows that global foreign exchange market trading volume surged to a record high due to sharp exchange rate fluctuations triggered by U.S. trade tariffs. Preliminary survey results indicate that the average daily turnover of over-the-counter (OTC) transactions in April reached $9.6 trillion, a 28% increase compared to the same period in 2022. Meanwhile, the average daily trading volume of OTC interest rate derivatives skyrocketed by 59%, reaching $7.9 trillion. This one-month market snapshot coincides with the most turbulent period of forex trading so far this year. On April 2, Trump's announcement of "Liberation Day" tariffs caused global asset volatility, leading to a weakening of the U.S. dollar as its safe-haven status was undermined. A JPMorgan currency volatility index rose to its highest level in two years during the month.