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- USD/CHF snaps two-day uptrend as risk reversal drops the most in a fortnight
USD/CHF snaps two-day uptrend as risk reversal drops the most in a fortnight
USD/CHF renews intraday low around 0.9195 while posting the first daily loss in three ahead of Thursday’s European session.
In doing so, the Swiss Franc (CHF) justifies the options market’s signal, namely the one-month risk reversal (RR).
That said, the gauge of calls to puts slumps the most in two weeks with its latest reading of -0.075, per the data source Reuters.
It should be noted, however, that the weekly RR print remains neutral by the press time, after dashing a two-week downtrend by the end of Friday.
The latest risk-aversion wave could be linked to the market’s anxiety over Ukraine-Russia peace talks, as well as chatters over the Fed’s rate-hike moves in March.
Read: USD/CHF looks to settle below 0.9200 as Powell’s testimony dictates a slight hawkish stance
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