USD/RUB: Options market turns most bearish in a month

Anil Panchal FXStreet

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

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.

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