Well, that is true at the first glance. But you do know that currency and IR risk are inseparable So if i am trading a EURIBOR/LIBOR quanto option or a vanilla currency swap (which is as much of an FX deal as it can get), I will probably hedge myself with eurodollar futures...
So if i am trading a EURIBOR/LIBOR quanto option or a vanilla currency swap (which is as much of an FX deal as it can get), I will probably hedge myself with eurodollar futures...