By all reckoning, the US dollar had a good week. It rose against nearly all the major currencies, and against many broke out of recent ranges. Ironically, the dollar gains more mostly scored before the surprisingly strong Q1 GDP print of 3.2%. In fact, all the major currencies but the Norwegian krone recouped some of …
With the substantial swings in the volatility of equities that have captured the imagination of journalists and punished investors who bought financial derivatives that profited from the low vol environment, we thought it would be helped to look at the implied volatility of the leading currencies against the US dollar. The Great Graphic looks at …
The VIX, the volatility of the S&P 500, is sometimes touted as a “fear index.” Today is it extending its push below 10%, to fall to its lowest in nearly a quarter of a century. There has been four (Finland, Austria, the Netherlands, and France) successive European election that did not produce a victory for …
Despite the hawkish hold of the FOMC yesterday and increased confidence of a June hike, the euro is making new highs against the dollar since the US election last November. The euro is breaking out of the $1.0850-$1.0950 range that has dominated since the first round of the French presidential election. As the Great Graphic …