| Options traders are the least bearish on Asian currencies versus the dollar in a year as confidence builds that China will avoid a so-called hard landing, helping lure funds as Europe’s debt crisis deepens.
The premium charged for the right to sell China’s yuan in a month over contracts to buy the currency, known as the risk- reversal rate, was 15 basis points yesterday, down from 64 basis points at the end of last year, according to data compiled by Bloomberg...............................................Full Article: Source |