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FX Markets Europe: Traders turn to short-dated plays on cabinet picks and early tariff actions
Foreign exchange options traders have been focusing bets on market swings around US president-elect Donald Trump’s inauguration in late January, as his return to the White House ushers in a new period of volatility for global markets.
Traders unwinding positions in the immediate aftermath of November’s election result pushed short-term volatility lower after markets had priced in some of the highest event premium in years for what many expected to be a protracted period of vote counting. The
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