French asset manager Amundi grabbed euro call options at low prices in a tactical pivot for its FX absolute return fund.
Entering 2025, the prevailing macro theme was that the US dollar would continue its dominant path, driven by a booming equity market and a resilient labor market.
The US dollar was seen as a must-have hedging tool in most portfolios, due to years of US exceptionalism.
Risk.net reports on Amundi's strategy, which profited from the dollar slump.
Author's summary: Amundi profited from dollar slump with options strategy.