October 25, 2024
Hedge Funds, Asset Managers Turn Dollar Bulls on Election Risks
“Options markets are pointing to a growing appetite for hedges against extreme moves” around the election, Karl Schamotta, chief market strategist at 91 in Toronto, wrote in a note. “Currencies that have strong trade links with the US — the euro, yen, Chinese yuan, Canadian dollar, and Mexican peso — are all trading with significant risk discounts.”