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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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Free AccessMNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29
MNI BRIEF: Japan Q3 Capex Up Q/Q; GDP Revised Lower
Currency options volumes are roughly........>
OPTIONS: Currency options volumes are roughly inline with recent averages
(consistent with FX futures activity) as slightly quieter EUR/USD and USD/CNY
markets are countered by busier AUD/USD, USD/KRW and USD/HKD trading. EMFX
implied vols are generally higher, with the most notable gains among the oil
importing currencies. As such, the 1m BRL, CLP and KRW contracts are elevated as
the uptick in the oil price raises concerns around outsized current account
deficits.
- AUD downside exposure has been in demand from the off with AUD put notional
close to twice that of calls so far Monday. $0.6955, $0.6925 and $0.6850 put
strikes were in focus during Asia-Pacific hours.
- KRW vols are gaining for a second session and are now through the mid-December
highs. Similar price action has been noted in USD/INR and USD/CAD vols and
markets will likely look for further vol gains should the oil price rise
further. Reflecting this, vol hedges were a popular trade in USD/KRW overnight.
This was typified by a 1129.90/1204.40 $140mln 3m strangle that traded in
Asia-Pac hours.
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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.