Deutsche – COFFEE Report – GBP buying extended, EUR buying pared: FXWW

From the FXWW Chatroom: In G10, net buying in GBP continues and is higher than the buying seen in the last few weeks. Net buying in NZD has remained broadly unchanged while net buying in EUR has fallen marginally. Meanwhile, option flows in CAD have flipped from marginal net selling to marginal net buying. On the bearish side, net selling in SEK has increased considerably and is close to the selling seen earlier this year. Net selling in AUD and CHF has remained broadly unchanged while net selling in NOK has increased marginally.

In EM, net buying of SGD upside has reduced significantly while net buying of RUB upside has remained largely unchanged. PLN has seen a shift this week from marginal net selling to marginal net buying. On the bearish side, selling in KRW has fallen considerably after significant selling seen in the last few months. Selling in ZAR and TRY continues but is not at historical extremes. Options flows in MXN have flipped from marginal net buying to marginal net selling.

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