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10 Jun 2014
Markets remain tied to low volatility - BTMU
FXStreet (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, noted the volatility keeps falling in the markets.
Key Quotes
"The major foreign exchange rates have remained stable in the Asian trading session as volatility in the foreign exchange market continues to decline".
"The loose monetary policy stances of the major central banks combined with strengthening economic recoveries in the advanced economies and reduced downside tail risks to global growth in the near-term are helping to stabilize financial market conditions".
"Further monetary easing from the ECB last week and the PBoC yesterday is also encouraging investors to intensify their search for yield boosting demand for relatively high yielding carry currencies."
Key Quotes
"The major foreign exchange rates have remained stable in the Asian trading session as volatility in the foreign exchange market continues to decline".
"The loose monetary policy stances of the major central banks combined with strengthening economic recoveries in the advanced economies and reduced downside tail risks to global growth in the near-term are helping to stabilize financial market conditions".
"Further monetary easing from the ECB last week and the PBoC yesterday is also encouraging investors to intensify their search for yield boosting demand for relatively high yielding carry currencies."