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EUR/USD risk reversals are falling......>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD risk reversals are falling further in favour of puts
Monday, with 25d 1m riskies falling to -0.4, the lowest levels for the contract
since early December. While the decline in risk reversals across January came
alongside falling implied vols, the same isn't the case in early February, with
implied vols ticking higher five consecutive sessions. Interestingly, the shift
in favour of USD calls isn't replicated elsewhere, with USD/JPY, GBP/USD and
USD/CNY risk reversals broadly unchanged so far Monday. 

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