Volatility drought clears as US dollar heads south
FRONT PAGE NEWS
NEW YORK -- The volatility drought in the forex markets could be over, market participants told FX Week, as sustained losses in the US dollar last week brought currency pairs out of the narrow ranges they have traded since the start of the year.
The euro hovered above $0.90 last week, after a swift jump higher, having traded a narrow range between $0.865 and $0.885 for most of the year so far. The yen, meanwhile, broke out of its range of between 130 and 135 yen per dollar, strengthening to 126.9
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