USD/CHF leans bullish towards 0.9600 on upbeat options market signals ahead of US NFP

USD/CHF picks up bids to consolidate the biggest daily loss in a week around 0.9560 during Friday’s mid-Asian session. In doing so, the Swiss currency (CHF) pair justifies upbeat signals from the options market as traders await the key US employment report for July.

That said, one-month USD/CHF risk reversal (RR), a difference between call and put options, printed the three-day uptrend while flashing a 0.080 figure by the end of Thursday’s North American session.

With this, the options market gauge braces for the biggest weekly gains in five as the RR prints the 0.180 mark for the week.

The recovery moves, however, remain elusive as the US dollar Index (DXY) struggles to snap a two-week downtrend amid softer yields and recession fears.

Also read: USD/CHF turns sideways around 0.9550 ahead of US NFP

Articles You May Like

Larry Summers blasts UK tax cuts as ‘utterly irresponsible’ and warns of possible contagion
Sebi comes out with daily price limits framework for commodity futures contracts
Broader market sentiment is holding up so far today
The GBP is strongest of the major currencies
USDCAD trades to a new high. Oil below $80.

Leave a Reply

Your email address will not be published.