Forex Marketz Daily Forex News – Fully Markets Update
Trendiness bounced back sharply in G-10 FX space – Deutsche bank
FXStreet (Mumbai) – As per the Deutsche bank research note, Trendiness – defined as the strength of a currency trend;has bounced back sharply in the G10 FX space over the past two weeks, almost entirely driven by the three commodity currencies.
Key Quotes
“Uniformity – defined as the extent to which exchange rates all move in the same direction, has declined to the lowest level since February, while realized volatility subsided, particularly in EUR/USD. Overall, market conditions have improved over the past fortnight.”
“Trendiness in the dollar bloc reflects the sharp re-pricing of monetary policy in Canada, the UK, and New Zealand in particular. High carry in the latter and Australia has been no barrier to FX weakness. Macro drivers have been only weakly correlated to the price action as monetary policy dominates the G10 universe.”
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Trendiness bounced back sharply in G-10 FX space – Deutsche bank
Source: FXStreet
