USD/CHF traces downbeat options market signals below 0.9200
USD/CHF pares intraday losses around 0.9185 but stays pressured amid downbeat options market signals and sluggish markets heading into Monday’s European session. In doing so, the Swiss currency pair (CHF) portrays the traders’ anxiety ahead of the key Swiss National Bank’s (SNB) quarterly Bulletin, as well as the Fed’s preferred inflation gauge, namely the Core Personal Consumption Expenditure (PCE) Price Index.
That said, a one-month risk reversal (RR) of the USD/CHF pair, a gauge of the spread between the call and put options, printed a three-day losing streak by the end of Friday’s North American session. It’s worth noting that the daily RR dropped to -0.010 at the latest.
Not only on the daily basis but the weekly RR also please the pair sellers as it dropped to -0.040 after printing 0.000 figures in the previous week.
Hence, the USD/CHF pair’s current weakness remains valid even as the markets stay dicey ahead of the top-tier data/events.
Author
Anil Panchal
FXStreet
Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.
