Options traders are the least bearish on Asian currencies versus the dollar in a year as confidence builds that China will avoid a so-called hard landing, helping lure funds as Europe’s debt crisis deepens.
The premium charged for the right to sell China’s yuan in a month over contracts to buy the currency, known as the risk- reversal rate, was 15 basis points yesterday, down from 64 basis point…
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On May - 10 - 2012 Articles of Interest
