Currency options trading skyrocketing as politics upend bets

Quick Summary:

Monday started quietly in the $300 billion-plus currency options market until political headlines triggered the most hectic trading day in nearly two months—a taste of what may lie in store for 2025.

The longer-term backdrop of a surging greenback is adding fuel to fire as political risks spillover into the $7.5-trillion-a-day foreign-exchange market.

The yuan was also in focus, with some traders taking advantage of a weaker greenback to buy dollar-yuan calls, according to Standard Chartered.

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Article Details

Author / Journalist: David Finnerty & Ruth Carson | Bloomberg

Category: BusinessStartups

Markets: PhilippinesCanadaJapanSingapore

Topics: Foreign-exchange Dollar Seen Currency Trades Tariff According Market Options Bank Monday

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 11:42:34 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24959652

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 24 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

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