USD/CHF justifies downbeat options market signals to retreat to 0.8900

Anil Panchal FXStreet

USD/CHF remains depressed around 0.8900 round figure amid Tuesday’s Asian session, following the first daily loss in three. In doing so, the Swiss Franc (CHF) pair traces downbeat options market signals to fade the bounce off the lowest levels since January 2021 marked in the last week.

That said, the one-month risk reversal (RR) of the USD/CHF pair, a gauge of call options to puts options, marked -0.050 figure by the end of Monday’s North America session.

Not only the daily RR but the weekly signals from the options market also keep the Swiss Franc (CHF) pair bears hopeful. That said, the weekly USD/CHF RR dropped to -0.1000 by the end of the last Friday, per the latest data from Reuters.

It’s worth observing that the market’s indecision amid banking woes and the mixed signals surrounding the US Federal Reserve’s next moves underpin the CHF’s haven demand ahead of this week’s key US inflation data.

Also read: Forex Today: AUD and NZD continue to outperform, while USD gets support from Treasury yields

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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