USD/CAD tracks options market signals to stay depressed under 1.2900, US inflation eyed

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USD/CAD tracks options market signals to stay depressed under 1.2900, US inflation eyed – by anilpanchal7 USDCAD Options Markets RiskAppetite Inflation

That said, the one-month risk reversal of the USD/CAD, a spread between the call options and the put options, drop for the second consecutive day to -0.020 by the end of Tuesday’s North American session. With this, the weekly RR prints the biggest fall in four weeks.

On Tuesday, US Nonfarm Productivity improved to -4.6% during the second quarter , -4.7% expected and -7.4% prior, whereas the Unit Labor Cost increased to 10.8% from 12.7% prior and 9.5% market consensus during the said period. Before that, the USAdditionally, St. Louis Fed President James Bullard said on Tuesday that he wantsat 4% by the end of the year. This joins recently firmer interest rate futures suggesting nearly 70% odds favoring the 75 basis points of a Fed rate hike in September.

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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