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Quiet G10 spot markets (with the exception....>

FOREX: Quiet G10 spot markets (with the exception of CAD) reflected in quiet
options markets (again, with the exception of CAD) so far today with implied
volatility falling across most currency pairs, but particularly in EUR/USD.
EUR/USD 1m implied vols have dropped by 0.37 points to the lowest level since
early February. Markets clearly a lot more sanguine about the Italian election
results than the media would lead you to believe, with former PM Renzi scheduled
to give a speech (and possibly resign) in 30 minutes. Italian bond markets also
taking the results in their stride with IT/GE 10y bond yield spreads widening
slightly, but still below the highest levels seen last week.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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