A flying start to 2007

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"The markets have given us a nice chance to make money. We're seeing volatility," said a New York-based trader. "Customers seem to be putting on fresh risk, which is always good; and the uncertainty about the Fed [rate moves] is really good."

Currency pairs moved across the board with carry currencies seeing the most activity as traders look to gain exposure to high-yielding currencies, according to one London-based trader.

"It has been an excellent start to the year," he said. "It's been great

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