July 14, 2022 - 11:57 AM 238 views
During Thursday's Asian session, USD/CHF accepts the bids to renew intraday high near 0.9810 and post its first daily gains in three days.
As a result, the Swiss franc (CHF) pair supports the hawkish viewpoint expressed by USD/CHF options traders.
With the most recent reading of 0.140, the one-month risk reversal (RR) for the USD/CHF, a spread between call and put options, is preparing for the second weekly run-up.
The wide US dollar rise amid worries about increased Fed rates and a recession may be related to the options market's upbeat outlook for the USD/CHF pair. After the US Consumer Price Index (CPI) for June soared to the highest level in 40 years to 9.1% YoY versus 8.8 percent projected and 8.6 percent previously, the market's aversion to risk increased the day before.
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