FX OPTIONS: EUR/USD Vols Ease, 3-mth Goes 7.7% Bid-to-Offered

Implied option volatilities have softened through the European session, with the 3-mth having gone 7.7 pct bid-to-offered. March 9 - an NFP Friday, is the current 3-mth expiry date, according to FENICS FX 2002. At the front of the curve: the 1-mth is also now 7.7 pct offered, having been 7.75 pct bid at today's European open. The 1-week is 8.0/9.0 last, having been 8.8/9.8 at today's European open.