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Oct 26 - 05:55 AM
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EUR/USD - : Dont Ignore Over €10-Billion 1.1200 Option Expiries
By Richard Pace — Oct 26 - 04:05 AM
• EURUSD is trading close to 1.1200, where a heavy run of option expiries falls this week
• Expiries and related hedging flows can help contain spot, so this level is worth watching
• Today's 10am NY cut (14.00 GMT) includes €1.7 billion of 1.1200-05 strikes
• Tuesday has €1 billion at 1.1200-10 and Wednesday has €4bn expiring between 1.1200-15
• If Wednesday's Fed fails to excite FX - Thursday brings
another €2.5bn at 1.1200, and Friday €3.5bn at 1.1200
EUR/USD FX option strikes expiring Oct 26-Oct 30
(Richard Pace is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters