Turkey Shocks Forex Market As Fed Decision Looms

This year was always going to be about the central banks and their interest rate decisions. So far, no asset class can be disappointed, because tagging along with central bank decisions is volatility, a word that could not be applied to the foreign exchange (forex market) over the past 18-months. With mirrored monetary policies, central banks had managed to handcuff the forex market, deadening volatility and opportunity. But in early 2014 that's all changed; volatility is back with a vengeance, ...