Derivs - FX

Fx traders are leaning toward conservative plays, such as a one-year call spread strategy on the Hong Kong dollar, selling a 7.75 call and buying a 7.78 put.

Investors are turning to EUR/USD put spreads as pressure continues on the currency pair, with recessions kicking in around the globe.

Increased correlation between the equity and fx markets is prompting interest in trades which play the normally divergent asset classes against each other.

Barclays Capital is pitching ways for investors to capitalize on an expected decline in the Canadian dollar against the U.S. dollar.

Fx staffers from Lehman Brothers have landed at Deutsche Bank and Barclays Capital in London.

Standard Chartered has appointed Richard Leighton to head up global fx and fx options business.

Investors who lost millions of dollars on principal-protected notes sold through UBS and structured by Lehman Brothers are claiming the investments were unsuitable for their risk appetite, a lawyer said.

Indonesia saw sovereign credit default swaps tighten and one-month non-deliverable forwards price in lower rupiah depreciation against the U.S. dollar, as markets show signs of recovery.

Calyon is reportedly scooping up volatility on the EUR/USD pair, as vol in the fx markets continues to sit at elevated levels.

The absence of an agreed cross-currency interbank lending rate in the Middle East is hindering the use of derivatives in the region.

The strengthening yen against all currencies has caused Japanese investment in highly exotic structured notes to fall as investors look to keep their powder dry.

The rapid yen appreciation has fired up interest in euro and U.S. dollar put strikes at levels the underlying hasn’t seen in years.