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⚠️💱 High-Beta FX Consolidating As Volatility Rebounds: Cable FX Macro

  • Our basket of high-beta currencies posted declines over the previous 5-days, the index closed Friday 24.5 points lower as it pared some of the November gains

  • An FX volatility gauge constructed by J.P. Morgan finished the week higher by 27 basis points to reach the highest level in three weeks

  • A significant correlation between FX volatility and our high-beta basket remains, the last read shows a coefficient of 0.73



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