11/15/2011

Foreign-exchange traders continue to price downside risks into euro options as the sovereign-debt crisis continues in Europe. "The markets are extremely tired of all the volatility, and an element of exhaustion is creeping in among banks and funds," said Kevin Rodgers of Deutsche Bank. "We are now entering a typically quiet and illiquid period, but the eurozone's large and complex problems are not being resolved to the market's satisfaction."

Related Summaries