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Volatility of Major Currencies Lowest Since 2007

JPMorgan Chase index shows volatility among G-7 currencies at 6.63 percent, vs. 27 percent in October 2008.

By John Detrixhe and Andrea Wong, Bloomberg | Updated on April 24, 2014

Volatility among major currencies fell to the lowest since 2007 as global central-bank balance sheets continue growing, driving more liquidity into financial markets, even as the economy worldwide recovers.

Australia’s dollar rose the most in almost two weeks against its U.S. counterpart before a report economists forecast will show inflation accelerated. The yuan touched a 14-month low as China’s largest manager of distressed debt said the country’s soured-loan ratio increased “significantly.” The dollar fell for the first time in eight days against a basket of peers before the Federal Reserve’s policy meeting next week.

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