EUR/USD 3-month ATM volatility hits lowest since June 2014, big move soon

By Omkar Godbole

The FX markets and EUR/USD, in particular, could be in for a big move soon, as the three-month ATM (at-the-money) volatility on the common currency (EUR3MO) has dropped to the lowest level since June 2014. 

The gauge currently stands at 4.86, having hit a low of 4.80 last week, a reading last seen nearly five years ago. 

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