USD/MXN PRICE NEWS: MEXICAN PESO RECOVERS FROM 16.90 DESPITE DOWNBEAT OPTIONS MARKET SIGNALS

avatar
· Views 75




USD/MXN takes offers to refresh intraday low near 16.83 as it prints the first daily loss in three while reversing from the weekly high on early Wednesday.

In doing so, the Mexican Peso ignores upside options market signals while justifying the US Dollar’s struggle to defend the previous gains amid the US credit rating downgrade.

Also read: Fitch downgrades US government’s AAA credit rating to AA , US Dollar retreats

That said, the one-month Risk Reversal (RR) of the USD/MXN pair, a measure of the spread between call and put prices, rose in the last two consecutive day to 0.025 by the end of Tuesday’s North American trading session.

In doing so, the options market figures challenge the latest pullback of the USD/MXN price. It should be noted that the options market gauge prints three-week winning streak with the latest figures of 0.034.

Given the upside options market bias and the risk-off mood, the USD/MXN pair may recover soon. However, the risk catalysts and the US ADP Employment Change will be important to watch for clear directions


免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

古いコメントはありません。ソファをつかむ最初のものになりましょう。

  • tradingContest