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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.

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