Euro Considered an Attractive Funding Currency -- Market Talk
Euro Considered an Attractive Funding Currency -- Market Talk
1045 GMT - Low levels of implied volatility in the euro will encourage investors to use the low-yielding currency to fund purchases of higher-yielding currencies, known as carry trades, ING says. "There still seems interest to take advantage of the low volatility environment with carry trades--and EUR funding looks attractive," ING analyst say. "Indeed, the biggest chance for the EUR to rally over coming months will probably come through an asset market correction and a large position unwind." The three-month implied volatility for EUR/USD is last around 5.3%, according to Refinitiv. Implied volatility is a measure of expected price swings. EUR/USD rises 0.1% to 1.1746. (renae.dyer@wsj.com)
1045GMT-荷兰国际集团(ING)表示，欧元隐含波动率水平较低，将鼓励投资者使用这种低收益货币为购买高收益货币提供资金，即所谓的套利交易。荷兰国际集团(ING)分析师表示：“似乎仍有兴趣利用利差交易的低波动性环境--欧元融资看起来颇具吸引力。”“事实上，欧元在未来几个月反弹的最大机会可能来自资产市场回调和大举平仓。”根据Refinitiv的数据，欧元/美元的三个月隐含波动率最新在5.3%左右。隐含波动率是衡量预期价格波动的指标。欧元/美元涨0.1%.报1.1746。(renae.dyer@wsj.com)
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