Cboe EuroCurrency Volatility Index
a.k.a. EVZ
A Cboe index that estimates how volatile traders expect EUR/USD to be over the next 30 days, based on…
In plain English
A Cboe index that estimates how volatile traders expect EUR/USD to be over the next 30 days, based on option prices.
The EVZ is like the stock market's VIX, but for the euro against the dollar. It is calculated from option prices, so it reflects implied volatility: what the market is paying for protection against big moves.
A rising EVZ means traders expect bigger swings ahead. It describes expected size of moves, not direction.
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