FX OPTIONS: EUR/USD 1-Mth Vol Offered sub-6.0%, post-US CPI

1-mth implied option volatility has eased to a one-week low of 5.8/5.95 since the passing of US CPI event risk. The 1-mth opened in Europe 6.1 pct bid, and was subsequently given at 6.0 pct. The current 1-mth expiry date falls on a Monday (Dec 18), according to FENICS FX 2002. At the start of last week, the 1-mth plumbed a 10-day low of 5.45/5.6 (Nov 6). Late last month, the period was offered at an all-time low of 5.5 pct. The 1-mth started this week 6.75 pct bid.