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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
USD/CNY hedging tops the pile on the DTCC...>
OPTIONS: USD/CNY hedging tops the pile on the DTCC Monday, with $7.2bln in
options changing hands, over double the $3.3bln you'd see at this point of a
regular session. Around 65% of the notional traded in vanilla options so far
today has sided with USD/CNY puts, with Cny6.70 put strikes particularly
popular. Trades coincide with USD/CNY 1m risk reversals holding close to recent
multi-year lows Monday, although the USD/CNY call bias has returned as the
contract touches +0.015 vol points.
-Elsewhere, multi-month highs in GBP/USD spot (highest since November) has
coincided with GBP/USD risk reversals touching their highest skew in favour of
calls since April, with market focus firmly on the UK House of Commons and their
'meaningful vote' on Brexit due tomorrow evening. PM Theresa May is due to make
a statement to lawmakers this afternoon with the vote results expected at around
2000GMT Tuesday.
To read the full story
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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.