💵 Dollar Catching Up With Measures Of Volatility: Cable FX Macro

• The recent dollar correction had not been met with a drop in volatility measures. FX 1mo implied volatility is ticking higher on the day, the J.P. Morgan benchmark is ticking at 12.44%, around 50bps higher than where it was by Friday close

• Our own measure of the dollar is poised to close a third consecutive day of gains. Further losses might hold unless volatility measures ease from current levels.