USD/RUB: Options market turns most bearish in a month
|One-month risk reversal (RR) of USD/RUB, a gauge of calls to puts, marked the biggest daily fall during early Monday in Asia, per the latest options market data from Reuters.
While the daily RR figure prints -1.400 number, the weekly gauge of the options market rose during the last five weeks, by +1.150 at the latest.
It’s worth noting that the options market pares its bullish bias considering the latest pullback in the US dollar. However, the Russia-Ukraine tussles keep the USD/RUB bulls hopeful of late.
That said, the quote remains on the back foot around 101.10, down 5.95% intraday by the press time.
Read: USD/RUB: Ruble to face pressure through 2022 – Commerzbank
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