USD/CHF traces options market signals around monthly low under 0.9600
|USD/CHF picks up bids from the monthly low, marked earlier in the day, as bears track downbeat options market signals, coupled with the broad US dollar weakness, amid a sluggish session.
That said, the Swiss currency (CHF) pair consolidates intraday losses around 0.9580 heading into Friday’s European session.
It’s worth noting that the one-month risk reversal (RR), the spread of call versus puts, of USD/CHF print the third weekly fall with the latest figures being -0.1000.
On a monthly basis, however, the USD/CHF options trader seems the most bearish since October 2020, with the latest figures for May being -0.750.
Also read: USD/CHF establishes below 0.9600 as DXY weakens ahead of US PCE
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