Hedge funds pile into renminbi FX options

- By Ben St Clair
- 31 May 2022

Hedge funds have cashed in on US dollar/renminbi moves in recent weeks, sending traded options volumes to at least three-year highs amid a surge in volatility in the recently calm pair.

Spot USD/CNY jumped 7% to 6.79 between the April 18 and May 13 closing prices – the largest 20-day spot price change in years – on the back of a rising US dollar and declining economic expectations in China. A drop in FX volatility supply helped push vol higher, attracting hedge funds who have looked to options

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@fx-markets.com or view our subscription options here: https://subscriptions.fx-markets.com

You are currently unable to print this content. Please contact info@fx-markets.com to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@fx-markets.com