Free Trial

After several sessions of bumper currency...>

OPTIONS
OPTIONS: After several sessions of bumper currency hedging volumes, Friday's
trade crossing the DTCC was somewhat quieter. Nonetheless, USD/CNY volumes
remain high and have been the standout pair in options trading this week after
the Trump-Xi dinner Saturday. As has been the case for much of this week,
USD/CNY call options have been the more popular trade, although the put/call
ratio has evened out since the beginning of the week somewhat.
Trades today coincide with USD/CNY 1w, 1m and 3m risk reversals all climbing to
levels not seen since the beginning of November, with markets clearly marking
down the chances of Sino-US trade tensions ebbing away in coming months.
Elsewhere, currency options trading has been largely uninspiring, with EUR/USD,
USD/JPY and GBP/USD DTCC volumes ebbing lower than average for this point of the
trading session. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.