Less than a day after exiting bullish dollar option trades, some leveraged funds found themselves back in them on Tuesday after US President Donald Trump updated his tariff stance.
Some hedge funds returned to currency options on Tuesday that gain in value if the dollar rises versus peers, especially the Canadian dollar, after Trump said that he plans to enact tariffs of as much as 25% on Mexico and Canada by Feb. 1. Hours prior, they exited similar trades after Trump appeared to delay imposing further tariffs immediately on trading partners.
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