Out of order

Published at 17:11 29 Sep 2017 by

While EUAs drifted up gradually in August, the EU ETS became alarmingly unstable this month. Historic close-to-close 10-day volatility, which ran at 20-40% for most of the previous six months, has been in the 50-70% range in September. On three days this month the gap between the daily high and low …

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