(Bloomberg) -- Currency options show traders are the
most bearish in more than four months on the dollar against the
yen, on concern subprime mortgage losses in the U.S. will deepen.
Traders are paying the most since March for put options that
provide the right to sell dollars for yen. The cost of dollar
puts against the euro over dollar calls, known as the risk-
reversal rate, also rose to a 2 1/2-month high. Volatility
implied by one-month dollar-yen options rose to a three-month
high as investors bought protection against a weaker dollar,
which today fell against all of the 16 most-active currencies.
Read more at Bloomberg Currencies News
most bearish in more than four months on the dollar against the
yen, on concern subprime mortgage losses in the U.S. will deepen.
Traders are paying the most since March for put options that
provide the right to sell dollars for yen. The cost of dollar
puts against the euro over dollar calls, known as the risk-
reversal rate, also rose to a 2 1/2-month high. Volatility
implied by one-month dollar-yen options rose to a three-month
high as investors bought protection against a weaker dollar,
which today fell against all of the 16 most-active currencies.
Read more at Bloomberg Currencies News
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