FX Talking: Dancing in the dark
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https://think.ing.com/bundles/fx-talking-dancing-in-the-dark-july/
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4 itemsFX Talking: Weatherproof markets
ING's latest FX Talking note, titled 'Weatherproof markets,' argues that global currency markets are exhibiting unusual resilience to macro shocks, suggesting a low-volatility regime may persist into year-end. Per the full note [source], the desk cites subdued inflation prints and stable central bank guidance as key anchors. The desk implicitly rejects the notion of a sudden risk-off spike, framing current calm as structural rather than ephemeral. With no high-impact events on the calendar, the view aligns with a broad consensus that range-trading will dominate near-term.