Analysts at Rabobank explained that market volatility as measured by the VIX index has dropped remarkably since the middle of February. Key Quotes: "This has corresponded with a better tone in both stock markets and in high yield currencies. The dovish tone of various central banks has helped promote the better mood in markets. That said, the fact that major central banks remain on a heightened state of alert seven years after the banking crisis is itself a disconcerting factor. In view of the current plethora of political uncertainties and the sluggish pace of world growth, safe haven currencies could still struggle to cast off unwanted inflows this year." For more information, read our latest forex news.