Euro Volatility Spikes Before Italy’s Election, ECB

It’s no longer cheap to hedge against next week’s political risks in Europe

It’s no longer cheap to hedge against political risks in Europe in the next week. If concerns surrounding Sunday’s Italian elections weren’t enough, currency traders will also be watching the German Social Democrats’ March 4 ballot on a coalition with Chancellor Angela Merkel and the European Central Bank’s policy meeting on March 8. One-week volatility in the euro against the dollar has surged to its highest since April.

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