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- USD/CHF traders pay little heed to options market signals amid sluggish session
USD/CHF traders pay little heed to options market signals amid sluggish session
USD/CHF prints mild losses around 0.9250 as bulls retreat from a one-week high heading into Monday’s European session. In doing so, the Swiss currency (CHF) pair prints the first daily loss in three as market sentiment dwindles.
Even so, the options market signals surrounding the USD/CHF pair appear the most bullish in 10 weeks, suggesting brighter chances of the quote’s further recovery. That said, the one-month risk reversal (RR), the spread between the call options and put options, prints the biggest weekly print since late November, to +0.10% at the latest.
The underlying reason for USD/CHF retreat could be linked to the US Dollar’s sluggish moves ahead of Tuesday’s speech of Fed Chairman Jerome Powell. Also challenging the greenback buyers is the lack of major data/events up for publishing during the day.
Also read: USD/CHF Price Analysis: Pullback looks favored before an upside break around 0.9280
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