With almost every central bank in the G10 currency space in a wait-and-see mode, China once again stands out, with USD/CNY right in the crosshairs again. News...

Chris Weston

Pepperstone

With almost every central bank in the G10 currency space in a wait-and-see mode, China once again stands out, with USD/CNY right in the crosshairs again. News flow seems slow in most other locations and while there are a number of political issues at hand, they don't seem to be causing any real uncertainty. A simple look at the US volatility index (VIX) indicates a real lack of panic; it fell 4% yesterday to 13.67%, while in the forex market EUR/USD (one-month) volatility is at 15% discount to the one-year average. Even implied volatility around USD/CNH (offshore Rinminbi) is at the lowest levels in months and hasn't moved with the significant rally in USD/CNH and USD/CNY. - (VIEW LINK)


Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

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