Hedging funds reinforce their bets on the increase of the Chinese yuan against the dollar

The hedging boxes reinforce the betting contracts, indicating that there is a greater space for the yuan against the dollar. According to the traders who asked not to reveal their identity, the demand for options that achieve profits has increased as the Yuan rises against the dollar. The data of SGX derivatives show that by the end of the year investors are now targeting a level of about 7 yuans or stronger, amid increasing confidence in providing China in policy support, and changing expectations on US interest rates. Sorbaba Tandon, the global head of foreign exchange options at Standard Chartard Bank in Singapore, said: “We have seen an increase in demand for the dollar dump against the external yuan, especially by clients from the hedging boxes,” says Sorbaba Tandon. He added that the volatile fluctuations of the man (the dollar and the yuan), especially in short futures, have decreased as a result of the decline in actual fluctuations in recent months, “which makes the purchase of the sales options attractive.” Also read: The yuan at the highest level since November amid the weakness of the dollar and the strength of the shares has increased the yuan exchange rate. The big demand for the fall in the fall of the dollar against the external yuan with the Chinese bank last week increased the yuan’s daily references exchange rate by the largest amount in about a year. On the other hand, the dollar is under pressure amid increasing expectations in the markets that the Federal Reserve will reduce the speech of his president, Jerome Powell, in Jackson Hall next month. Read more: China increases the price of the reference Yuan at the largest frequency since January amid the weakness of the dollar, Jinsiang Chen, the Asian currency analyst at HSBC Global Investment Research, in a Memorandum of Clients, it seems that there is an improvement in investors’ morals and Commercial discussions between the United States and China. On August 28, the dollar contract is the most traded dollar, which is permissible in December, the option to sell at the 6.94 implementation price, according to the options exported on the SGX, which means that the buyer of this option can sell the dollar at the yuan at this price. The price of the sales option increases valuable as the man drops from this level. The dollar against the outer yuan traded at 12:30 on Monday at 12:30 Hong Kong. “We have seen an increasing interest in the recently interests on the external dollar/ yuan, and its expression was a mix of cash and options,” says Dahfal Shah, the managing director of currencies and sales in the Emerging Markets of JP Morgan in Singapore. It may be interested in: “Goldman”: The price of the yuan will reach 7 against the dollar in a lesser year, a hedge bonus of the yuan drop, despite the arrival of the Yuan last week to its strongest level in nearly ten months, the hedging bonus this year remained the decline in the next month. “We’ve seen a new interest in the Dumpted Stakes, but the purchase is still tactically and calculated,” says Ivan Taminovic, head of trade in the group of ten major countries in Asia -Pacific in the Hong Kong Bank in Hong Kong. The Chinese internal market data released on Friday showed that the amount of foreign exchange trading contracts, which included retail and banks, rose to $ 227.8 billion in July, which started publishing the highest since the Foreign Exchange Department in 2015. Traders asked not to publish their names that some of the performers are selling the dollar/yuan. Last week, however, the rise of Yuan caused the purchase of the dollar/yuan sales options.