Volatile September looms

FRONT PAGE NEWS

LONDON/NEW YORK – After volatile trading in the major currencies throughout July, FX markets returned to range-bound trading in August. But that is about to change, according to market participants.

September is crammed with events likely to see currency volatility increase significantly, they said. In the US alone, there are a number of speeches by senior Federal Reserve officials scheduled, a Federal Open Market Committee meeting and the first anniversary of the September 11 attacks