🔺Volatility Factor Leads August Performance: Cable FX Macro

• Our volatility factor extended gains on the month, the basket has led performance on a month-to-date basis as of Friday 25th

• The August volatility factor is holding dollar and euro longs vs scandiFX, we see monthly performance peaking a little above 4.0%

• The dollar is outperforming on the month, leads G10FX to post gains of 3.07% <.RDDXY>. Dollar appreciation is moving in line with a recent rise in volatility benchmarks, we have recently noted the USD holding a positive beta to vol

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