Funds Trade EUR/CHF Floor Break
Hedge funds are purchasing two-to-three-month downside put spreads on the euro/Swiss franc with strikes at CHF1.17/1.18, despite market sentiment that the Swiss National Bank will not allow the enforced CHF1.20 floor to break.
Hedge funds are purchasing two-to-three-month downside put spreads on the euro/Swiss franc with strikes at CHF1.17/1.18, despite market sentiment that the Swiss National Bank will not allow the enforced CHF1.20 floor to break.
Funds have taken up the positions on the back of a gradual decrease in spot on ...Please take a trial or subscribe to access this content.
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