USDCNH leans bullish above 7.1300 on upbeat options market signals

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USDCNH leans bullish above 7.1300 on upbeat options market signals – by anilpanchal7 USDCNY Options Markets PBOC RiskAppetite

That said, a one-month risk reversal ratio, a gauge of calls versus put, rose for the second consecutive day to 0.040 by the end of Wednesday’s North American trading session.

The pair’s latest upside could also be linked to the US Dollar’s recovery moves and the Covid fears from China. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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