By Jeremy Boulton — Nov 08 - 05:50 AM
EUR/USD 1.0448-1.1276 in 2024 - second smallest range on record
So far 2023 range is smaller at 1.0601-1.1214
In November pair trades 1.0683-1.0937 and it was supposed to be busy
Start Fed easing cycle and U.S. election spurred a lot of speculation
Instead EUR/USD returned to the centre of 2023's range
Strong chance that traders pare bets and year ends quietly nL1N3MF0D2
Plunging volatility may set tone for rest of this year nL1N3MF0C3
Source:
Refinitiv IFR Research/Market Commentary