Call, Put Spreads Against USD Find Favor

22 May 2009

Private banks and institutional investors are buying long-dated call and put spreads on currencies likely to gain from a rebound in the global economy against the U.S. dollar, as investors move money out of safe-haven currencies.

--Jeanine Prezioso

Private banks and institutional investors are buying long-dated call and put spreads on currencies likely to gain from a rebound in the global economy against the U.S. dollar, as investors move money out of safe-havencurrencies.

BNP Paribas and BarclaysCapital are seeing players favoring the Australian and ...

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