Feb 21, 2013
Forex Flash: FX volatility here to stay in 2013 – UBS
For 2013, even more central banks are adding 'puts'. “This presents markets with a dilemma, and perhaps a reason why volatility in FX has returned. Like many things in life, sooner or later we realize that too much of a good thing (especially if it is low-cost or free) becomes a bad thing, and this either decreases its value, or the need to exit comfort zones take effect. In other words, central banks believe it is time to go to extremes to trigger an extreme response.” warns Research Analyst Garth Berry at UBS
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