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Story: Wednesday’s New York Cut Puts Euro, Yen, and 6 Major Pairs at Risk

By Dan Saada

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Pound, Aussie, Kiwi All in the Frame. The British pound/dollar has notable expiries sitting around 1.2300.

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Swiss Franc and Euro Crosses Face Adjustments Too. The Swiss franc is getting attention from two angles.

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Currency traders are bracing. A cluster of major option expiries hits the New York cut Wednesday, and the notional amounts involved are big enough to move markets hard.

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The euro/dollar pair sits at the center of it all. Options are set to expire between $1.0600 and $1.

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Six pairs. One afternoon. A lot of risk.

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The British pound/dollar has notable expiries sitting around 1.2300. The Australian dollar has activity clustered at 0.6600.

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The Canadian dollar adds to the pile. Options near 1.3500 on the dollar/CAD pair represent significant notional value, and the loonie has been sensitive to any shift in risk…

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The Swiss franc is getting attention from two angles. The dollar/Swiss franc pair has expiries near 0.

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Read also: U.S.-Iran Strikes Freeze Dollar as Crypto Traders Eye Safe-Haven Flows

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The euro/yen pair has options expiring near 145.00. That cross is a bit of a wildcard — it's driven by both euro sentiment and yen dynamics simultaneously, so if either leg gets…

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And then there's the euro/sterling pair. Options are set to expire around 0.8700, which adds another layer of complexity for anyone running cross-European exposure.

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The timing probably isn't helping anyone's nerves either. Economic data releases are landing this week — the kind that can shift sentiment quickly — and when you combine that…

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Liquidity is the real concern here. When multiple large expiries cluster on the same day, the potential for intensified price action rises sharply.

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Market participants are staying alert to any sudden shifts. The combination of heavy option settlements and live data risk means exchange rates could move rapidly and without…

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Read also: Dollar Slides as U.S.-Iran Talks Lift Oil Supply Fears and Rattle Forex Markets

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