Free Trial

Currency hedging volumes slightly below.....>

OPTIONS
OPTIONS: Currency hedging volumes slightly below the recent running average so
far Tuesday, with higher than average activity in EUR/USD and USD/CNY countered
by lower trading levels in GBP/USD and USD/JPY.
- There's relatively little gap between EUR/USD put and call notional volume so
far Tuesday, with the largest trades crossing appearing to be volatility bets -
particularly 2 large strangles trading at the early NY crossover. Firstly, a
E439mln 3m $1.1588/1.1193 strangle expiring on Jul16 and a E432mln 9m
$1.1166/1.2006 strangle expiring on Jan17 2020.
-Short-end implied vols are generally little changed, with most measures trading
within recent ranges. Most notable mover so far Tuesday is USD/TRY 1m vols,
which have fallen close to 0.5 vol points but remain at levels elevated above
the YTD average (26.3250 last).

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.