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Currency hedging volumes trading very.......>

OPTIONS
OPTIONS: Currency hedging volumes trading very well so far Monday, with USD/CNY
volumes considerably higher than average ($9.8bln vs. $3.4bln average). USD/JPY,
AUD/USD and USD/KRW trading also countering moderately low volumes in GBP/USD.
The breakout in USD/CNY trades follows a harmonious conclusion to the Trump-Xi
summit Saturday and has resulted in USD/CNY 1m risk reversals falling sharply to
touch the lowest levels since August, which was itself the lowest since January.
USD/CNY calls have been in demand from the off, with markets clamouring for
upside USD/CNY exposure given the sharp fall in implied volatility so far today.
USD/CNY call strikes at Cny7.00 are particularly popular, with some call strikes
extending as far as Cny7.80.

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