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Nov 30 - 05:55 AM

USD/CAD - Big USD/CAD Gains Fuel Renewed FX Option Demand

By Richard Pace  —  Nov 30 - 04:40 AM
  • Big USD/CAD rally Tuesday from 1.3409 to 1.3645 - boosted option demand

  • 1-week already buoyed in to Fri's U.S. NFP - gained another 1.5 to 10.0

  • Benchmark 1-month implied vol up 0.5 to 9.3 before peaking

  • Option dealers also report strong end-user demand for topside strikes

  • Risk reversals retain a firm 0.9 vol premium for CAD puts/USD calls (upside)

  • Overnight expiry now gets Powell - biggest vol gains vs peers 13.5 from 11.0

  • Related comment nL1N32Q0IU



For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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