- Analytics
- News and Tools
- Market News
- USD/CAD seesaws near two-year top around 1.3500 as options market bulls retreat
USD/CAD seesaws near two-year top around 1.3500 as options market bulls retreat
USD/CAD grinds higher after refreshing the 26-month peak to 1.3530, near 1.3510 during early Thursday morning in Europe. In doing so, the Loonie pair traces the options market signals amid the risk-averse markets.
One-month risk reversal (RR) on USD/CAD, a measure of the spread between call and put prices, remained unchanged for Wednesday, after rising the most in one week the previous day, per the options market data from Reuters. It should be noted that the weekly RR remains positive but marks a softer figure of 0.084 versus 0.158 prior.
A call option gives the holder the right but not the obligation to buy the underlying asset at a predetermined price on or before a specific date. A put option represents a right to sell.
It's worth noting that the USD/CAD traders’ previous optimism could be linked to the hawkish Fed action while the latest inaction appears to take clues from firmer oil prices, Canada’s biggest export item.
Also read: USD/CAD refreshes 26-month top near 1.3485 as Fed propels USD, oil weakens
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
