The foreign exchange markets, and indeed several markets, are showing an unexpected level of calm. What factors are at play in this low volatility environment, and what could it mean against the backdrop of global economic conditions, rising conflicts, and the upcoming U.S. presidential election.

On this episode of Market Points, Shaun Osborne, Managing Director, ​​Chief Currency Strategist, and Brendan Stark, Managing Director, Short-Term Interest Rate and FX, delve into these pressing questions. They discuss Scotiabank’s FX forecasts, the low volatility puzzling the markets, and consider the implications of upcoming political developments.