Spiking risk-warning signals over the past couple of weeks taken it to a new level over the past 2 days, says Citi's Steven Englander, who says the indicators are based on implied volatilities in currencies. "The back-up has been so sharp that they have unwound all the easing in risk aversion since (the fall)."
Spiking risk-warning signals over the past couple of weeks taken it to a new level over the past...
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