Hedge Funds Play Short-Term Swissie

10 Mar 2010

Hedge funds have been buying up one-week calls on the euro against the Swiss franc this morning, anticipating the Swiss National Bank will decide tomorrow to prevent a further appreciation in the franc but that the effort may flounder ultimately.

--Rob McGlinchey

Hedge funds have been buying up one-week calls on the euro against the Swiss franc this morning, anticipating the Swiss National Bank will decide tomorrow to prevent a further appreciation in the franc but that the effort may flounder ultimately. Trades were in notionals of EUR200-400 million, ...

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