Volatility was extremely low on currency markets on Wednesday as - TopicsExpress

Volatility was extremely low on currency markets on Wednesday as forex investors braced for the imminent Federal Reserve decision. The Fed FOMC will announce the highly anticipated decision on whether or not they will taper QE at 20:00 CET tonight. Ahead of the announcement, EUR/USD traded in a tight range of 1.3344 and 1.3364 with our strategies recording negligible P&L due to the low movement. Today’s event could lead to a surge in volatility and direction in the currency pair which should bode well for our managed accounts.

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