Free Trial

As is the case in futures markets, CNY.....>

CHINA FX
CHINA FX: As is the case in futures markets, CNY options volumes are highly
active Thursday, with the ongoing trade meetings clearly stimulating options
traders. Alongside the modest rally in CNH overnight, USD/CNY puts have been
better bought, with close to $2 in put notional crossing for every $1 in calls.
-Put strikes at 6.75 and layered between 6.90-6.95 have proved popular so far
Thursday. This has reflected well in the USD/CNY risk reversals curve, which has
adjusted further in favour of puts, pressing the 1m contract to the lowest
levels since mid September and thereby erasing the whole of the move higher over
the past few weeks.

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.