Euro/Dollar Options Down After Greek Agreement
From efxnews.com
Euro/dollar and euro/yen options fell in Asia on Friday as hedge demand diminished following Thursday's agreement by the main Greek political parties on austerity measures required to obtain a fresh bailout from international lenders. "We have regained stability on the news. Volatilities may fall further unless fresh bad news come out of Europe," said a senior options dealer at a Japanese bank. At 0200 GMT, the one-month at-the-money euro/dollar options volatilities were at 10.35%/10.70%, down from 10.80%/11.05% late Thursday in New York. Overseas hedge funds have been buying the dollar against the yen, with an ...
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