USD/CHF: Risk reversal jumps the most in a fortnight

One-month risk reversal of USD/CHF, a gauge of calls to puts, jumps the most since August 06, per the latest data from Reuters.

The same doesn’t match the USD/CHF price moves as the pair rose during the last three days before declining 0.26% intraday to 0.9165 by the press time of early Friday.

Risk reversals flashed a +0.1000 figure for August 19, suggesting the strong bullish bias among the USD/CHF traders.

As the latest covid woes and tapering tantrums underpin the US dollar’s safe-haven demand, bullish signals from the options market, via risk reversal, act as an additional confirmation for the USD/CHF upside.

Read: USD/CHF Price Analysis: Rising wedge on 1H keeps sellers hopeful below 0.9200