The Tell: Here’s how currency volatility could stage a comeback

The foreign exchange market calmed after volatility spiked to its highest level since April 2017 last week. But a look at the calendar indicates the quiet may not last.

Over the next two weeks alone, currency traders are awaiting a plethora of events that could upset the perceived tranquility and take currencies for a wild ride, Credit Suisse trading strategists Alvise Marino and Honglin Jiang wrote in a note on Wednesday.

Credit Suisse
Foreign exchange volatility has eased off a little since hitting the highest level since April 2017.

Here’s what’s on deck.

Powell’s debut testimony

Brand new Federal Reserve Chairman Jay Powell delivers congressional testimony on Feb.

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