Dollar-Yuan Call Volume Tops Puts After June 17 Fed Pivot
Updated
Updated · Bloomberg · Jul 1
Dollar-Yuan Call Volume Tops Puts After June 17 Fed Pivot
2 articles · Updated · Bloomberg · Jul 1
Summary
$100 million-plus dollar-yuan call options have outpaced puts since the Fed’s June 17 policy decision, signaling traders are unwinding bullish yuan positions and turning toward a stronger dollar.
The shift followed the Federal Reserve’s hawkish pivot, which undercut one of this year’s most crowded trades betting on a yuan rally.
DTCC data captured the reversal in large options blocks, with call demand now exceeding put demand in the dollar-yuan market.