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Aug 25 - 07:55 AM

EUR/USD - Parity Remains A EUR/USD Magnet As Large Options Influence

By Jeremy Boulton  —  Aug 25 - 06:15 AM
  • EUR/USD 0.9964-1.0033 EBS range

  • Pair has been unable to break free from parity

  • Hedging related large option expiries exerting gravitational pull

  • EUR 2.7 billion expiries at 1.0000-10 today

  • EUR 1.25 billion 0.9950-55 and EUR 1.3 billion between 1.0020-50

  • Despite recent weakness towards 0.9900 lots of traders on vacation

  • Many traders will await Sep 8 ECB or Sep 21 Fed before acting

  • Traders who keep it simple could make a lot of money nL1N3010HH




Source:
Refinitiv IFR Research/Market Commentary

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