Dollar Rally Has Legs as Traders Bid Up Options to a 15-Month High
- Premium of three-month calls to puts highest since April 2017
- Currency looks to be ‘winning’ the trade war: Koopman
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Tally up one more reason to buy the world’s reserve currency.
As Turkey’s financial markets lurched closer to a meltdown on Friday, brokers charged the biggest premium since April 2017 for three-month call options on the dollar relative to puts, according to a gauge weighting the currency against major peers.