NZD/USD risk reversals hit highest since April 2018
|
One-month risk reversals on NZD/USD rose to -0.60 on Monday, the highest level since April 2018, indicating the premium for put options is still higher than that for calls, but is currently at the lowest in 14 months.
The data indicates the bearish NZD sentiment is weakening. After all, the NZD/USD pair rallied nearly 200 pips in two weeks to June 7 and is currently trading at 0.6598.
NZD1MRR
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.