26.09.2016 - Currency volatility poised to surge as US election, Fed loom
Volatility in the $5.1-trillion-a-day (Dh18.7 trillion) foreign-exchange market is down, but not out, according to UBS AG. Currency swings will increase later this year as investors weigh the potential outcome of the US presidential election and the likelihood of a Federal Reserve year-end interest-rate increase. The predicted volatility resurgence follows a period of calm that started in July, after traders absorbed the initial shock of the UK’s Brexit vote. A JPMorgan Chase & Co gauge of currency volatility fell to a two-week low this week..........................................Full Article: Source
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