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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: PBOC Net Drains CNY216 Bln via OMO Monday
Currency hedging volumes are humming........>
OPTIONS: Currency hedging volumes are humming along inline with recent averages
so far Wednesday, with better activity in USD/CNY, USD/KRW and USD/CHF
countering quieter trade in EUR/USD, USD/TWD and USD/HKD. Implied vols are mixed
with no standout changes from yesterday's close among DMFX.
-Asia-Pac implied vols, however, have crept higher throughout the morning, with
sharp rallies in spot TWD and KRW helping nudge the measures higher - although
most hold well within recent ranges across the curve.
-EUR/USD options crossing have been fairly balanced between put/calls (no real
surprise ahead of the FOMC decision later) with the some of the more interesting
larger trades including a series of $1.20 EUR/USD calls rolling off in one
year's time.
-USD/JPY risk reversals saw a break higher in Asia-Pac hours, with USD/JPY 1m
risk reversals touching one month highs of -1.2775 points (USD/JPY calls over
puts) and continuing to stage a decent recovery from the lows seen in mid-May at
-2.15 points.
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.