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

Post Share

Sources

Showing 1 of 1 sources

bloombergHigh23d 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

Read full article →

PERSPECTA

PERSPECTA

Options Traders Reduce Bearish Bets on South African Rand

Sources

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

Related Stories

Trump Asserts Putin Will Not Attack NATO, Downplays CIA Chief’s Moscow Visit

Two Killed in Violent Attack at German High School Near Berlin

Zelensky Visits Moldova Amid Sustained Russian Drone and Missile Strikes on Ukraine

International Aid Mobilizes After Deadly Floods and Landslides Strike Nepal

PERSPECTA