Macro Funds’ Options Trades Are Increasingly Ditching the Dollar
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Macro hedge funds are increasingly seeking currency option trades that exclude the dollar as they navigate the market turbulence stemming from worries about the US economy.
Trades involving the euro and haven yen were in demand Monday. The two currencies were easily the most traded on The Depository and Trust Clearing Corp., involved in over half of all trades, as US tech stocks tumbled by the most since 2022.