US life insurers cut over $7 billion in notional foreign exchange forwards positions during the second quarter, largely in sterling/US dollar positions.
A total of $47.5 billion in G10 FX forwards positions were reported by US life insurers, a 12.9% decline from the previous quarter among G10 currencies. Around $5.1 billion and $1.7 billion in notional volumes were cut in GBP/USD and euro/USD positions, respectively.
Trading among non-G10s also declined by 65.6% to just $147 million
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
