💵🔻 Dollar Volatility At Lowest In Post-Invasion Period: Cable FX Macro

• Measured as weekly range in dollar trade against a basket of G10 currencies, volatility had been increasing following the invasion of Ukraine

• Cable FX Macro Dollar Index weekly range average increased into the end of last year, the Q4 peak came close to matching levels seen during the post pandemic crisis

• Ranges in the dollar have narrowed in 2023, the downward trend extended into the Summer months to reach the lowest levels since March 2022

• Weekly range average is currently at 14.7 index points, this is close to its 5-year median of 14.9