FX options, NDFs trading slows as Covid fears ease
Analysis of transaction data shows lower notional volumes and tighter spreads for most currency pairs
Trading volumes in FX derivatives slowed down in April after hitting record highs the previous month, as traders continue to assess the impact of the coronavirus outbreak on the markets and the economy.
Reduced activity in some FX options and non-deliverable forwards (NDFs) pairs comes as the global economic outlook remains uncertain, with some countries looking to ease some of the restrictions put in place to reduce the spread of the virus and others prolonging a full lockdown.
Currency
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