The Cable FX Macro Dollar Index finished the week 1.4% higher, reversing prior weekly declines. The greenback led the G10 across the board as it recorded its best weekly performance since Jan. 19
The euro and the loonie outperformed peers, the yen traded mixed and the scandies underperformed. The kiwi turned lower in line with high-beta FX, this is interesting given the latest drop in volatility
So far, FX moves have not seen +/-2% weekly performance this year, such swings were seen more than once per quarter in 2023. Realized volatility remains down, and the trend isn't likely to change anytime soon
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