‘Pain Point’: Nomura’s McElligott On Dollar Squeeze, Gamma Drop-Off

The dollar jumped the most since March on Monday before eventually trimming gains. The initial surge in the greenback was attributable in part to a mini-panic triggered by a mutated variant of COVID-19 spreading virtually unchecked in the UK. Travel restrictions imposed by a laundry list of nations raised the specter of a food crisis in England, while still fraught Brexit talks added insult to injury for the pound, which plunged. Oil dove, triggering severe weakness in Norway’s krone, which

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today

View subscription options

Already have an account? log in

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.