Volatility Returns

Traders breathed a sigh of relief last week, as FX market volatility gathered pace. Following a busy week of US Federal Reserve intervention on behalf of the Bank of Japan, and a rebounding euro, dealers around the globe mopped their brows and prepared for more upheaval in the weeks to come. "Things are finally moving again," commented a trader in New York on Wednesday. "It feels like a relief after such a slow few months - after all, that's what we are here for."

Winner Takes

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