⚠️💵 Volatility Not Feeding Through Dollar Index: Cable FX Macro
- Rosbel Durán
- Jan 19, 2023
- 1 min read
We have seen the second consecutive day of a volatility benchmark rising, the VIX is not above 21.0 points, up from the previous session lows of 18.71
The Cable FX Macro Dollar Index is trading unchanged on Thursday session and follows a slight loss of 0.10% on Wednesday
This means that the rise in the volatility benchmark is not feeding into dollar price action. Looking back at a long-term correlation coefficient, vol and USD hold a strong correlation on a daily basis
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