Currency Volatility Soars as Traders Worry Over New Variant
- Euro, yen one-month implied volatility up the most since 2020
- Bloomberg dollar index weakened for the first session in six
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Volatility in developed-market currencies spiked by the most in a year as traders digested the impact of the new coronavirus variant discovered in South Africa.
Gauges of euro and yen volatility climbed the most since October 2020, a time when investors were girding for the U.S. presidential election.