FX Options Market Update - 30th August 2010

After a fall in US equities on Monday the markets basically traded sideways for the rest of the week, resulting in the S&P500 closing down 0.7%, the Dow off 0.6% and the Nasdaq down 1.2%. European equity markets also traded in a choppy fashion but closed to the upside in Britain with the FTSE finishing the week up 0.1%, while Germany followed the US’ lead and closed down 0.9%.