NZD/USD risk reversals hit highest since April 2018

Omkar Godbole FXStreet Contributor

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.

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Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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