European

Chart: Biggest Risk-Off Since the Chinese Yuan Devaluation

Just one chart to share with you this morning…but a very interesting chart I think.

Due to the COVID-19 crisis, our FX barometer of risk on / risk off is flashing a warning signal, at minus 4.4% in Q1 vs +2% in the previous quarter. This is the biggest drop since the Chinese yuan devaluation in 2015 and a more important quarterly decrease than in the GFC.

 

Be safe, and have a nice day!

 

risk-off

Best regards.

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