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-荷蘭國際集團(ING)表示，歐元隱含波動率水平較低，將鼓勵投資者使用這種低收益貨幣為購買高收益貨幣提供資金，即所謂的套利交易。荷蘭國際集團(ING)分析師表示：“似乎仍有興趣利用利差交易的低波動性環境--歐元融資看起來頗具吸引力。”“事實上，歐元在未來幾個月反彈的最大機會可能來自資產市場回調和大舉平倉。”根據Refinitiv的數據，歐元/美元的三個月隱含波動率最新在5.3%左右。隱含波動率是衡量預期價格波動的指標。歐元/美元漲0.1%.報1.1746。(renae.dyer@wsj.com)