Dollar Volatility Hedging Surges Ahead of US Jobs Data

1. 1Traders moved to hedge against dollar swings ahead of Friday's jobs report.
2. 2The cost of one-day options linked to the Bloomberg Dollar Spot Index jumped to the highest since July 30, and one-week volatility also rose.
3. 3With Fed Chair Powell narrowing interest-rate guidance, the weight of data has grown, while downside risks for the dollar — including the possibility of yen intervention — have come into focus.

Source Bloomberg · View original ↗

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