💵Dollar Posts Best Week Since January: Cable FX Macro

• 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