News & Analysis

Global market volatility remained elevated this week, with large gyrations in US equity markets and short-dated European bonds. However, the still elevated levels of volatility in global markets is creating less of a haven effect on the dollar. The greenback has weakened nearly 2 points this week, as per the DXY index, but the path higher against the dollar hasn’t been easy for most G10 currencies. Next week, activity data will be key for markets that were recently roiled by recession concerns in the euro-area, UK and even the US. On top of that, Australia’s Federal election, policy decisions from the Reserve Bank of New Zealand and Central Bank of the Republic of Turkey, and the release of the Fed’s meeting sit top of mind for traders in the economic calendar.

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Authors: 
Simon Harvey, Head of FX Analysis
Jay Zhao-Murray, FX Market Analyst

 

 

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