Currency Volatility Climbs on Risk From Greece to Sweden
This article is for subscribers only.
Currency volatility increased and traders sought insurance against euro losses as Greece headed for a showdown with its creditors in an emergency meeting in Brussels.
The premium to protect against the euro falling versus the greenback rose to the highest since Jan. 23. That was the day after the European Central Bank announced it would buy euro-area sovereign bonds. A measure of volatility in Sweden’s krona jumped to a 5 1/2-year high before the Riksbank policy decision Thursday.