© Reuters. Currencies Break Link With Stocks to Warn of Turbulence Ahead
(Bloomberg) — The U.S. dollar is driving a wedge between volatility expectations for global currencies and stocks.
The greenback’s plunge last month jolted currencies so profoundly that expected swings in the market are no longer correlated with a similar measure for U.S. equities.
“It’s a reminder that dollar moves could be an outsized driver of risk, sentiment and narrative over the next few months, if they continue with the recent volatility experiences,” said London-based…
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