2017 was a year defined by rising and falling tensions across the globe, leading to varying impacts on FX markets – sometimes to the extremes:
But 2017 was not all bad, and markets had good reasons to be optimistic:
Going into 2018, many of these themes – both the good and the bad – will continue to evolve and take on new forms. Even as measures of volatility end 2017 heading towards their yearly lows, history tells us that this low volatility regime won’t last forever – particularly if the forthcoming political risks evolve in the least constructive ways possible.
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