"It's curious to see that the dollar strengthens and someone is selling off vol. Maybe we're entering a new era, maybe we're at the corner of witnessing some real back-month sell off [of volatility]."
--Simon Smollett, fx analyst at Credìt Agrìcole CIB in London, in response to a large sell-off in volatility on the euro/U.S. dollar on Thursday.
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