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- USD/TRY traces options market signals to refresh yearly top around 16.70
USD/TRY traces options market signals to refresh yearly top around 16.70
USD/TRY takes the bids to 16.68, the highest level since late December 2021, as bulls track the options market signals to extend the previous day’s run-up during early Tuesday morning in Europe.
That said, one-month risk reversal (RR) on the USD/TRY pair, a spread between the calls and puts, reverses the previous day’s fall of -0.270 with 0.220 figures for Monday, per Reuters’ data on the options market.
In doing so, the weekly RR figure pares the biggest fall in five weeks. It’s worth noting that the weekly risk reversal was down to -0.620 by the end of Friday, after rising for the four consecutive weeks.
Also important to note is the monthly data as the call-put spread rallied the most since November 2021 in May, with 3.675 figures.
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