Euro’s Rebound Backed by Biggest Turnaround in Options Since ’03
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Options traders are betting that the euro will stay resilient in the coming weeks amid the biggest turnaround for the currency in at least 12 years.
The relative cost of protecting against a euro decline versus the U.S. currency has fallen 1.66 percentage points in July, set for its biggest monthly drop, according to data on one-month risk reversals going back to October 2003.