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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: PBOC Net Injects CNY37.3 Bln via OMO Wednesday
MNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
Yesterday's session saw the highest daily...>
OPTIONS: Yesterday's session saw the highest daily turnover in currency options
markets for over three months, with outsized demand for EUR/USD, USD/CNY and
AUD/JPY options helping boost overall volumes.
- A similar pattern is seen this morning, with EUR/USD, USD/CNY and USD/HKD
structures seeing higher-than-average options volumes for this time of day.
Despite the higher options volumes this morning, front-end implied vols are
trading heavy, but largely within recent ranges.
- EUR/USD hedging is still showing a slight call bias, with firm demand for call
strikes layered between $1.1590-1.1610 (although most of this volume looks tied
to volatility hedges as part of $1.1610 & $1.1590 straddles that eye end-July
and end-September expiries).
- As Sino-US tensions remain fraught following orders for consulate closures
earlier in the week, USD/CNY upside protection has been in focus, with call
strikes at 8.00 and above trading throughout Asia-Pac and European hours - most
on a one-year expiry.
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.