The options market turns most bullish on the USD/CHF in two months, per the latest data from Reuters.
One-month risk reversal (RR) of USD/CHF, a gauge of calls to puts, rises the most on weekly basis since early November. That said, the latest weekly index of the options market gauge is +0.175, per Reuters.
It’s worth noting that the daily RR figures, however, print the lowest count since December 27, around -0.013 by the press time.
While justifying the market’s bullish bias, the USD/CHF prices rise for the second consecutive day, up 0.06% intraday around 0.9185 heading into Thursday’s European session.
That said, the risk catalysts, mainly the Omicron woes and Fed-rate-hike chatters, direct short-term USD/CHF moves with eyes on Friday’s US Nonfarm Payrolls.
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