A pat on the back

A pat on the back

FX volatility falls to pre-pandemic lows as traders wait it out.

  • #OPEC and its allies expect oil inventories to fall further in the coming months, OPEC's secretary-general said, suggesting efforts by the producers to support the market are succeeding.
  • #Currency market volatility fell to its lowest since before the COVID-19 pandemic roiled markets in March 2020, as investors sat on the sidelines waiting for clearer signals on the inflation trajectory.
  • #Bitcoin security concerns may be hitting investors after the US Department of Justice recovered $2.3 million (63.7 bitcoin) of the $4.3 million Colonial Pipeline ransom.

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