**[Forex Traders Purchase Hedging Tools to Prepare for Potential Extreme Volatility]** BlockBeats News, March 17 — Forex traders are actively purchasing hedging tools to prepare for potential extreme volatility. They are closely monitoring developments in the Middle East and gearing up for possible upcoming scenarios. Following the initial shock of war breaking out and oil prices surging to $100 per barrel, investors are taking advantage of this relatively calm period to buy options that have a low probability of occurrence but could yield substantial returns if exchange rates suddenly shift in one direction. Demand for hedging options targeting extreme exchange rate fluctuations, such as butterfly options, has increased. Notably, demand for EUR/USD options reached its highest level in 11 months in early March. (Jin10)