That said, the one-month risk reversal of the AUD/USD rose for the third consecutive day on Friday, to 0.055 at the latest, per the daily print. Even so, the weekly RR appeared to drop for the first time in three weeks.The options market players might have been preparing for Wednesday’s US Consumer Price Index data after witnessing a recent jump in the US. Also likely to have favored the AUD/USD buyers could be the weekend release of China’s trade numbers for July.
Even so, the risk-off mood and the ongoing US-China tussles over Taiwan challenge the Aussie pair buyers during the sluggish start to the key week.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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