USD/CHF risk reversal jumps to highest since April 2019

Omkar Godbole FXStreet Contributor

One-month risk reversal on USD/CHF has jumped to -0.25, the highest level since April 30, 2019, extending the rise from the Jan. 7 low of -1.175.

The ascent indicates a weakening of demand for put options or bearish bets on USD/CHF. In other words, the bearish bias is now weakest in 33-months.

At press time, the currency pair is trading at 0.8885, having failed multiple times above 0.8920 in the past few days.

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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