Options traders are expressing their bearish views on the US dollar through currencies such as the Australian dollar and the euro

According to a report by Golden Finance, options traders are expressing their bearish views on the US dollar through currencies such as the Australian dollar and the euro, following the recent poor performance of US economic data. The Australian dollar has gained support, partly due to the cautious and gradual easing stance of the Reserve Bank of Australia, and partly due to improved market risk sentiment. The attractiveness of the euro has increased due to market expectations that increased defense spending in the eurozone will support the region's economy, as well as the European Central Bank sounding more hawkish in its stance. At the same time, the outlook for the US dollar seems more bleak - data shows that the number of new jobs added in the United States in July fell short of expectations, and the data for the previous months has also been revised downwards. Solab Tandon, Global Head of Foreign Exchange Options at Standard Chartered Bank in Singapore, stated that after the release of non farm payroll data, the market has shown strong interest in call options for EUR/USD and AUD/USD. He said that the market is currently "focused on upcoming events," such as US inflation data and the Federal Reserve's Jackson Hole seminar. (Golden Ten)