Free Trial

FX Hedging volumes mixed-to-lower, with.....>

OPTIONS
OPTIONS: FX Hedging volumes mixed-to-lower, with total EUR/USD options notional
slipping below the levels you'd expect to see at this point of the session.
USD/JPY and USD/CNY hedging markets remain somewhat buoyant, but USD/TWD,
EUR/GBP and USD/KRW are the stand-outs so far today.
-EUR/GBP puts remain in demand as spot continues to ebb lower, with some of the
larger trades eyeing GBP0.8700 and Gbp0.8650 put strikes rolling off in late
October/early November.
-Strike prices above Cny7.00 remain popular in USD/CNY options markets, with
USD/CNY call demand well in excess of the put equivalent. Call strikes at
Cny7.00 and Cny7.15 are most in demand, helping keep 1m USD/CNY risk reversals
well elevated today.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

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.