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Dollar rides 'Trump trade' toward third weekly gain

FOREX-Dollar rides 'Trump trade' toward third weekly gain Dollar steady on US economic resilience, euro sags Chinese yuan eyes further stimulus details Bitcoin gains on 'Trump trade' Updates throughout; refreshes prices at 0906 GMT By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON, Oct 18 (Reuters) - The dollar was headed for its third weekly gain in a row on Friday, helped by a dovish European Central Bank and strong U.S.
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Hedging a Trump victory with FX options

RPT-BUZZ-COMMENT-Hedging a Trump victory with FX options Repeats with no changes Oct 16 (Reuters) - With the U.S. election in just three weeks and former President Donald Trump regaining a lead in the polls, FX option dealers report increased demand for options to hedge the risk of a Trump victory. Societe Generale think AUD/USD would be the most at risk from a Trump win and in a recent client note, are highlighting three trades to hedge that risk.
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China's yuan firms after PBOC kicks off market support tools

CORRECTED-China's yuan firms after PBOC kicks off market support tools Corrects to delete "more interest rate cuts" in last paragraph as rates had already been cut, and changes "most of which are" to "which is" SHANGHAI, Oct 18 (Reuters) - China's yuan firmed on Friday against the U.S. dollar after the country's central bank kicked off two funding schemes to help lift the stock market.
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FX options wrap - USD gains and Trump trades are key drivers

BUZZ-FX options wrap - USD gains and Trump trades are key drivers FX option implied volatility remains broadly heavy amid the ongoing lack of FX realised volatility, but the impending U.S. election and the risk of an extended USD recovery maintain demand and premium for the 'Trump trade' . Overnight expiry EUR related implied volatility was the lowest for any ECB policy announcement in 2024 - consistent with the lack of actual volatility in its wake.
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TSMC steadies chip ship, ECB set to ease

MORNING BID AMERICAS-TSMC steadies chip ship, ECB set to ease A look at the day ahead in U.S. and global markets from Mike Dolan Tech-heavy stock markets are set to breathe a sigh of relief on Thursday as the world's largest chipmaker beat the street and eased gnawing doubts about semiconductor demand worldwide and jitters about the wider artificial intelligence theme.
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