Euro Bears Emboldened by French Election on Options Radar: Chart

Goldman's Garzarelli Sees No French Bond Systemic Risk

Sentiment on the euro is turning ever more bearish as the first round of the French election draws closer. Two-month risk reversals for the shared currency now capture the April 23 vote and signal options traders are the most pessimistic on the euro versus the dollar since June. A similar measure for the euro against the yen is at a seven-month low, while for the pound, it’s the most negative since November 2015.

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