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Following the ECB rate decision and press......>

EURO
EURO: Following the ECB rate decision and press conference, options trading has
been relatively non-directional, but decent volumes have crossed via both calls
and puts.
- One of the larger trades crossing is consistent with a sizeable $1.1580
straddles, eyeing a nine-month expiry.
- Elsewhere, $1.1150 and $1.1250 puts have drawn interest.
- Expectedly, EUR vols have backtracked following the ECB, with 1m implied
retreating back to the lowest levels of the week. Residual support may be coming
from contracts still capturing tomorrow's Nonfarm Payrolls release.

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