Virus Fears Are Spurring Volatility in Everything But Currencies
- Wall Street fear gauges for stocks, bonds rise amid FX calm
- Global currency swings hit their lowest-ever level in January
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The coronavirus is offering traders and investors a lesson in just how entrenched low volatility has become in the currency market.
The rapid spread of the illness and mounting death toll has rocked other corners of the financial world in recent days, sending expected price swings across equities and bonds to the highest in months and playing havoc with raw materials.