"Worse Than Lehman" - Euro Uncertainty Spikes To Record High

Investors are showing increasing concern before the French presidential elections, with market complacency giving way to extreme cautiousness...


As Bloomberg reports, the spread between one-month and one-week implied volatilities on the euro versus the dollar closed at a record high of 6.35 percentage points on Monday, as near-term risks remain subdued and focus is almost solely placed on the chance that anti-euro candidate Marine Le Pen wins the race.