[Fed's Hawkish Signal Sparks Dollar Bullish Frenzy, Options Market Fully Bets on Rate Hike Cycle] Jin10 News, June 19 – Data shows that foreign exchange traders, including hedge funds, are heavily buying options, betting that the dollar will strengthen further after the Federal Reserve delivers a hawkish signal this week, reinforcing expectations of U.S. rate hikes. According to traders, leveraged funds began purchasing dollar call options on Wednesday, which will appreciate in value if the dollar rises. This demand continued into Thursday as investors digested the anti-inflation remarks from the new Federal Reserve Chair, Waller. Tobias Jungmann, Head of Americas FX Options at Bank of America, stated: "We are seeing large-scale buying of dollar call options, primarily focused on G-10 currencies. Given the current low implied volatility, establishing long dollar positions through options appears very attractive." James Swindell, Senior FX Options Trader at Barclays in London, commented: "We are observing significant and broad-based demand for dollar call options, particularly in EUR/USD and GBP/USD."