(Bloomberg) -- For investors having a last-minute wobble about whether they're hedged for France's presidential election, overnight volatility on the euro versus the dollar shows options are relatively cheap. Deutsche Bank AG estimates the pair would tumble by 3 to 6 percent at the open if far-right candidate Marine Le Pen were to win, given her open discussions about abandoning the euro and the fact that few people are positioned for this outcome, meaning the effect would be magnified.
To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net.
To contact the editors responsible for this story: Madeleine Lim at mlim131@bloomberg.net, David Goodman, Kristine Aquino
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