CAD vols tumble after BOC raises rates 25bp to 1% while EUR vols remain elevated ahead of ECB meeting Thursday.
CAD 1-mo. vol drops from around 23.0000 to 12.4500 after the rate increase, a substantial reduction in premium given that EUR overnight vols hold near 20.0000
EUR/CAD spot bounces off the 200-DMA at 1.44883
EUR 1-week vols rise to 10.1300, highest level since May 5, while EUR 1-week riskies advance for third day, climbing to 0.3200
CAD 1-week vol erases September gains, dropping to 8.7600
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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