The problems with a range-bound market

The WSJ/DJ chimes in on the frustration due to the lack of EUR/USD volatility and the trouble with currency pegs.

Historically, these sorts of trends end for currency markets in what resembles a flash crash in equity markets. Due to economics or market forces, central banks are pushed aside and the market breaks the band and moves violently in one direction, though which direction isn’t always clear ahead of time.

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