Euro Attracts Bullish Options Buyers as Currency Goes Off Script
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Euro is trading near the same level as before the US and Israel launched strikes against Iran.The euro is the second-best G-10 performer against the dollar over the past month, defying expectations that the energy shock caused by the Middle East war would hit Europe’s economy and drag the currency lower. More than seven weeks into the war, the euro is trading near $1.18, roughly the same level as before the US and Israel launched strikes against Iran. Looking ahead, options traders say that a mix of steady prices and low volatility is creating even more demand for bullish bets.