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Free AccessCurrency hedging volumes slightly less......>
OPTIONS: Currency hedging volumes slightly less impressive Tuesday, with better
activity in AUD/USD and USD/KRW countered by below average trading in EUR/USD
and GBP/USD options.
-AUD/USD options plays appear to have been triggered by the break above the
100-dma in spot markets, with the pair hitting a three week high at $0.7152
today. There's been relatively little bias toward either puts or calls in
AUD/USD trades so far Tuesday, with most of the larger trades appearing to be
volatility plays: in the late Asia-Pacific session a series of $0.6840 9-month
put strikes traded (A$611mln spread over three legs) as well as $0.7435 6-month
call strikes (A$597mln spread over three legs).
-Similarly in USD/JPY, one of the more interesting trades crossing overnight
included a 6-month Y106.10/112.70 strangle for a total notional of over $500mln.
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.