Currency traders ditching the US dollar for euro on option bets

The euro is taking on a bigger role in the global currency options market as traders skirt around the US dollar given the risks from unpredictable US policy and a global trade war.There’s been a shift in trading volumes. Around 15-30 per cent of contracts tied to the US dollar versus major currencies were switched to the euro, looking at data from the Depository Trust & Clearing Corporation for the first five months of this year versus the final five months of 2024. There are also signs..