Purple Brain
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Strange old world. Summers would have been an obvious factor in higher volatility - in keeping with his own mercurial style - if he became the clear front runner - but leaving the field wide open for Yellen you would have thought would have had quite the opposite effect - a calm hand on the tiller.Large gap in the USD pairs. Volatility high at the moment on news of Larry Summers having withdrawn from consideration as head of the Fed.
Peter
Goes to show you can't 2nd guess the markets.