Options Traders Reduce Bearish Bets on South African Rand

Options traders have cut long-term bearish bets on the South African rand, with the cost of hedging against declines falling to its lowest this year, as investors anticipate an end to recent market gyrations.

4 Aug, 11:55 — 4 Aug, 11:55

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bloombergHigh14h ago

Options Traders Cut Long-Term Bearish Bets on South African Rand

The cost of hedging against rand declines over the next 12 months has fallen to the lowest level this year as investors bet gyrations spurred by the Middle East conflict and a surprise interest-rate hold by the central bank will soon blow over.

By Mpho Hlakudi

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Options Traders Reduce Bearish Bets on South African Rand

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Options Traders Cut Long-Term Bearish Bets on South African Rand

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