This week the market will focus primarily on events in Iraq and its subsequent effect on the oil price. We will take look at how this will affect the FX market and start with a look at the Canadian dollar, the currency most likely to benefit from the rising oil price. The other key event last week was the U.S. FOMC meeting and Janet Yellen subsequent dovish remarks. This heralded a move lower in implied volatility in G10 currencies to an all-time low.
Disclaimer: This information was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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