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Implied Volatility Remains Stable

FOREX

1-Month Implied volatility in FX markets, measured using the JP Morgan G-10 Volatility Index, sits well within recent ranges and has been stable in recent dealing.

  • The index sits at 8.18%, having been as low as 7.76% early in the month, we remain within the range that has persisted late July and well below 2023 highs.
  • Despite continued robust US economic data boosting the greenback to multi month highs Implied FX Volatility remains relatively stable across G-10 space.

Fig 1: JPMorgan 1-Month G10 FX Volatility

Source: JP Morgan/MNI/Bloomberg

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