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Print 2020-03-22
Implied FX volatility gauges jump
Expected price swings for some of the world's biggest currencies rocketed to multi-year highs on Thursday as a broad rush for US dollars forced traders to dump currencies across the board. Expected volatility gauges for the British pound against the dolla
Expected price swings for some of the world's biggest currencies rocketed to multi-year highs on Thursday as a broad rush for US dollars forced traders to dump currencies across the board. Expected volatility gauges for the British pound against the dollar leapt to 24.4%, its highest level since before the 2016 Brexit vote. The pound tumbled to its lowest levels since 1985 in chaotic trading.
Similar moves were seen in euro-dollar one-month implied volatility, with the gauge rocketing to its highest level since the euro zone crisis at above 14%.
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