Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
OPTIONS: As has been the case for much of the week, currency hedging volumes sit
lower than average for this time of day with EUR/USD, USD/CNY and AUD/USD
markets particularly quiet. This isn't the case for USD/JPY, EUR/GBP and NZD/USD
however, which are more active Wednesday.
-Implied vols generally fell Tuesday, but have bounced early Wednesday, with
USD/CHF, USD/RUB and USD/KRW short-end tenors on the rise.
-Since the unchanged RBNZ rate decision overnight, NZD/USD calls have been
better bought, with close to $2 in call notional trading for every $1 in puts.
Strikes at $0.6450, $0.6375 and $0.6350 have garnered the most focus. Volatility
hedges have also been popular, with $0.6324 and $0.6395 straddles crossing
following the decision itself.
-Downside protection in USD/JPY remains in demand, with put strikes at Y106,
106.95-107.00 and Y105.00 the most significant. The trades are typified by one
of the larger put spreads crossing in early Asia-Pac: a $100mln 106.45/106.95
put spread rolling off on Monday, the final session of Q3.