FX market volatility: What will happen in 2020?

2019 was marked by US dollar appreciation

In 2019, volatility reached what, by past standards, were record lows in the FX market.

This is despite a landscape characterised by geopolitical and macroeconomic uncertainty on account of Brexit, the rise of protectionism and the cyclical slowdown of the global economy. In this environment, FX volatility tested all-time lows and remain abnormally weak compared to other asset classes. How can we expect to see the FX markets evolve over the next 12 months? Dollar - still a safe haven Despite its correction at the end of the year, 2019 was marked by the continued appreciation of the US dollar - leaving it still overvalued. We expect a persistence of commercial and...