That said, the bullish bias in the options market seems to put a floor under the USD/CHF prices of late. The daily print of the one-month risk reversal of USD/CHF, a spread between the call and puts, rose to the highest levels in three days to 0.090 by the end of Wednesday’s North American session.. SNB’s Jordan said, “Inflation data shows they need to tighten monetary policy but noted that it was unclear when they would take that step, as reported by Reuters.
Also weighing on the USD/CHF prices could be the US inflation expectations, as per the 10-year breakeven inflation rate per the St. Louis Federal Reserve data, which dropped for the third consecutive day to the fresh low since late February, at 2.54% by the end of Wednesday.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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