Volatility soared across asset classes on Monday, with a gauge of potential swings in the euro-dollar exchange rate at the highest since November 2020 and a key measure of equity swings rising to the highest in more than two weeks.
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Markets took fright late on Friday after a U.S. warning that a Russian invasion of Ukraine could come "any day". On Sunday the United States said Russia might create a surprise pretext for an attack.
The VIX equity volatility measure – often known as Wall Street's 'fear gauge' rose to the highest since Jan. 28 at 31 points, having fallen below 20 points last week. Its European counterpart hit its highest since January 24 to trade above 33 points, up 8.5 points on the day.
