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NZD, NOK Hedging Stand Out Against Quiet Options Market

OPTIONS
  • Currency hedging markets are a little quieter than average for this time of day following a few sessions of busier options trade, with CNY, EUR and JPY options volumes soft. Mimicking calmer markets, the front-end of the G10 vol curve is lower, with few exceptions.
  • There are some hotspots of activity, however. EUR/NOK, NZD/USD and AUD/JPY options are busier.
  • This week's weakness in NZD spot contrasts with demand for NZD/USD call options this morning, with close to $2 in calls trading for every $1 in puts according to DTCC data. A sizeable $0.7140 call strike traded late in the European morning, helping fuel activity.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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