Intra-day volatility returns

- FX Markets Staff
- @FXMarkets_
- 26 May 2003

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Some likened trading conditions to those last seen in the 1980s, when six-figure moves in one day were not uncommon. The appearance of legendary currency speculator George Soros -- who told a US TV network that he is betting against the US dollar -- in the FX markets only added to the retrospective air.

"The markets have been pretty whippy recently," said a trader at a UK bank in New York. "Especially in euro/dollar and dollar/ yen we have seen big moves within the day."

Analysts said the moves

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