Home Forex USD/CAD one-month risk reversal regains bullish bias

USD/CAD one-month risk reversal regains bullish bias

by kyngsam

One-month danger reversal on USD/CAD, a measure of the unfold between name and put costs, has regained name (bullish) bias with a bounce to 0.475 from -0.087 seen on Feb. 1, in response to knowledge supply Reuters. 

A name possibility provides the holder the correct however not obligation to purchase the underlying asset at a predetermined worth on or earlier than a particular date. A put possibility represents a proper to promote. 

The newest bounce within the danger reversal suggests buyers are including to bets to place for an increase in USD/CAD (or weak spot within the Canadian greenback). 

At press time, USD/CAD is buying and selling largely unchanged on the day close to 1.2773, having declined by 0.5% to 1.2780 on Tuesday. 

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