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Free AccessAnother session of overall lacklustre.......>
OPTIONS: Another session of overall lacklustre currency hedging volumes, with
the continued absence of Asia-Pac markets clearly having an impact on trading
activity. Lower-than-average volumes in USD/JPY, EUR/USD and EUR/GBP
counteracting better trading activity in GBP/USD and AUD/USD.
-The sharp move lower in AUD/USD has clearly prompted many to lock-in lower
AUD/USD rates, with over $2.5bln in AUD/USD options contracts changing hands so
far Wednesday, well ahead of average. Vanilla puts have been in demand, with the
largest trade of the day a one-week $0.7185 put strike to the tune of A$348mln.
Other interesting trades include a 0.7125/0.7165 straddle due to expire at
tomorrow's NY cut, a trade that breaks even at approximately $0.7105/$0.7185.
To read the full story
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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.