Currency Doldrums Spur Complacency Risk That Could ‘Destroy Profits’
- Corporations are ‘asleep at the switch’ on risk: Cambridge
- JPMorgan currency volatility gauge near a five-year low
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The dollar’s tightest yearly trading range in more than four decades risks lulling corporate treasurers into a dangerous state of complacency.
Intercontinental Exchange Inc.’s U.S. Dollar Index is on track for its narrowest annual trading band since 1976, with its 2019 high less than 5% above its low. A JPMorgan Chase & Co. gauge of foreign-exchange volatility lingers near a five-year low.