Free Trial

The break through Cny6.8315 in USD/CNY in...>

OPTIONS
OPTIONS: The break through Cny6.8315 in USD/CNY in spot markets has helped usher
in and stimulate USD/CNY hedging today, with total options volumes some 70%
above what you'd expect to see on a regular session. Demand for CNY upside
exposure has surged, evident in risk reversals edging to fresh multi-month lows
(skewed in favour of USD/CNY puts). Over twice as many USD/CNY puts have bought
as calls so far Wednesday, with put strikes particularly popular at 6.82 and
6.80.
-Elsewhere, JPY upside exposure has been in demand despite the recovery in
USD/JPY from the flash crash lows printed at Y104.87 on Thursday last week. Put
strikes at Y107 and Y105 hold the most interest. 

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.