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sd-10-EFTA01462289Dept. of Justice

EFTA Document EFTA01462289

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6m forward ref : 2.8560 / 2.8635 Rationale: Given the recent downward move in commodities, commodity linked currencies have experienced increased volatility and marked depreciation vs. USD (see historical price chart below) Affected commodity linked currency pairs include AUDUSD, USDBRL, USDCAD, USDMXN, and USDNOK Premium neutral bullish risk reversals on commodity currencies can take advantage of implied vol, skew and forward dynamics (i.e. client buys foreign currency call and sells f

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Dept. of Justice
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sd-10-EFTA01462289
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