….as Volatility Curves Invert
The $5.3 trillion-a-day foreign-exchange market is getting turned on its head.
For the first time since 2010, traders of all five of the world’s most-transacted currency pairs are more wary of price swings in the next three months than over the next year. Typically, longer-term measures of volatility are higher to account for future uncertainty.
The last time the volatility measures were all inverted, markets were caught in the midst of the Greek debt crisis.….continue reading HERE
