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EUR/USD hedging volumes slipping behind.....>

OPTIONS
OPTIONS: EUR/USD hedging volumes slipping behind average today despite the
further rally in spot, likely due to the rate still sitting well below
yesterday's highs. Other major pairs see relatively average trading volumes,
with USD/JPY and GBP/USD notional broadly inline. CHF options trades however,
are more popular than usual, with EUR/CHF options totalling just shy of $1bln so
far, well ahead of the $400mln you'd expect to see at this point of the session.
Trades likely stemming from the continued breakout in EUR/CHF spot, which
touched the highest levels of September today at Chf1.1380.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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