This week’s docket held historic decisions from both DM and EM central banks, inflation data, and developing geopolitical events. However, changes in monetary policy have been priced in for some time while geopolitics have not changed the dial for cross-asset trading
A slip in the Chinese yuan after a large PBoC fixing miss turned out more disruptive than the BoJ,SNB historic rate cuts and the changes in the latest Fed’s dot plot
A measure of global FX volatility has reversed sharply on Friday to mark the largest upside move since the March 2023 banking crisis, the gauge constructed by J.P. Morgan is up 50Bps on the day. Looking back to 2020, the daily swing is more than 2-standard deviations from its mean
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