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Free AccessImplied Vols Trimmed Following Presidential Debate
As has been the case since Monday, currency hedging markets are quieter than usual, with FX options turnover well below recent averages for this time of day. Particularly quiet EUR/USD and USD/CNY options markets are largely responsible, where activity has dropped despite the bounce in both the EUR and CNY spot since Monday's open.
Implied vol measures are trimming back this morning following the conclusion of the first Presidential debate, with front-end AUD/USD vols reverting back to the September average (1m now trades just above 10 points)
One slightly more interesting market today is EUR/GBP, in which a sizeable 0.9750 call (expiring Feb 19th '21 and thereby capturing the end of the transition period) and 0.9050 put trade is propping up overall volumes, which sit ahead of average so far Wednesday.
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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.