BUSINESSBLOOMBERG
Options Traders Cut Long-Term Bearish Bets on South African Rand
Options traders are reducing long-term bearish bets on the South African Rand as the cost of hedging against its decline has reached the lowest level this year. Investors expect volatility caused by the Middle East conflict and a surprise interest-rate hold by the central bank to subside soon.
Related Signal
Adjacent reporting
- Traders Cut South Africa Rate-Hike Bets on Iran Peace Deal
- Iran Reescalation Risk Can Spike Rand Levels
- Rand Trading Surges as War Spawns Volatility, Central Bank Says
- Emerging Carry Trade Rebounds With Real, Rand Among Favorites
- Bitcoin options traders are dropping their hedges going into the Fed meeting
- Bitcoin nears 2024 lows as options traders pay up for downside protection