Asian investors seek decumulators
Investors in Asia have flooded into FX decumulators to stave off losses after the US dollar strengthened against currencies traded in accumulators against the US currency.
"The Australian dollar, euro and sterling collapsed against the US dollar," says Barry Chen, head of FX and commodities derivatives sales, private bank at RBS Global Banking and Markets in Hong Kong. "A few weeks ago the Australian dollar was trading in the 90s and clients swarmed into accumulator trades. They bought in US
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