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AUD/USD hedging trades are in strong.........>

AUSSIE
AUSSIE: AUD/USD hedging trades are in strong demand so far Friday with spot
showing above $0.7250. Options trading so far today total near $4bln, well over
double the average volume you'd see at this point of an average session. Upside
AUD/USD exposure has been particularly popular, with 25% more calls bought than
puts so far Friday.
Larger trades eye call strikes as high as $0.7375 expiring in two weeks' time,
with most trades rolling off in the coming weeks, indicating markets remain
cautious of a sharp near-term recovery in the rate.

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