| Be careful of the summer lull in the currency markets. That’s the message from Valentin Marinov, chief G10 FX strategist at Citi. Trading Post noted this week how even the implied volatility of the Hungarian forint had fallen sharply of late.
Its move is replicated across top pairings. The JPMorgan G7 index of leading currency volatility is flirting with six-month lows. “Forex volatility has been hammered lower ahead of the traditionally quiet month of August,” Mr Marinov said in a note to clients...............................................Full Article: Source
|