3/19, 6:56 PM (Source: TeleTrader)
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Forex volatility lowest since 2014

The foreign exchange volatility has reached the lowest levels in five years, close to the all-time low of summer 2014, according to various analysts. JP Morgan Chase & Co. reported its index for measuring global FX volatility fell to its lowest level since September 2014, with Deutsche Bank AG sharing similar data.

The low volatility is being helped by the United States Federal Reserve and European Central Bank decisions to keep interest rates unchanged, Chris Turner, an analyst for the Dutch financial giant ING Group, said on Tuesday. The trend will likely continue unless Washington "turns more aggressive on trade," he added.

The euro traded 0.16% higher to $1.13554 at 11:54 pm ET, while the pound rose 0.09% to $1.32679. The US dollar fell 0.06% to ¥111.3625.

Breaking the News / MD