Trump, Xi Meeting Seen Tame by Currency Options Traders: Chart
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U.S. and Chinese relations have at least one good thing going ahead of President Xi Jinping’s meeting with President Donald Trump next week in Florida: options aren’t pointing to a big increase in currency volatility. One-week dollar-yuan implied volatility is close to its post-devaluation lows despite Trump’s fiery rhetoric toward China’s trade and currency policies. The pair has traded mostly sideways since the inauguration.