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USD/CAD and EUR/NOK trades the stand-outs...>

OPTIONS
OPTIONS: USD/CAD and EUR/NOK trades the stand-outs among currency options
markets crossing the DTCC today, with the recent gyrations in commodity prices
clearly providing enough incentive for many to trade. Both NOK and CAD markets
are seeing traders clamour for upside exposure in both respective currencies,
with C$1.3525 USD/CAD put strikes in demand alongside Nok9.70 put strikes in the
EUR/NOK cross - both trades clearly eyeing a recovery in commodities prices to
filter through to the underlying currencies. Today, oil markets are playing
along somewhat, with WTI and Brent crude futures up well over 1% apiece - but
still down considerably on the week.

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