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CBA note that the "volatility 15 minutes......>

FOREX
FOREX: CBA note that the "volatility 15 minutes before the London and Tokyo
fixes has partially eased from extremes for the major currencies since
mid-April." Still "volatility in AUD/USD, NZD/USD and EUR/USD is still twice as
high as pre-28 February levels in the run-up to the London fix. GBP/USD
volatility is about 1.5 times higher. Volatility in the major currencies around
the Tokyo fix has also eased materially" and "remains much lower than volatility
at the London fix."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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