NZD/USD risk reversals: Bearish bias weakest since early February

NZD/USD risk reversals hit highest since Feb. 1.
Adds credence to rally in the NZD/USD spot.

The one-month 25 delta risk reversals (NZD1MRR) are being paid at 0.575 NZD puts vs. 0.95 NZD puts on March 23. The drop in the implied volatility premium for NZD puts, as indicated by the risk reversals, represents falling demand for the NZD bearish bets (puts).

Also, it means the investors believe the rally in the NZD/USD spot (from 0.7153 to 0.7389) is sustainable.

NZD1MRR

Apr 13, 2018

US: Flat reading of import prices in March – Nomura

Analysts at Nomura note that US import prices remained flat in March after a 0.3% m-o-m growth in February. Key Quotes “The March reading was impact

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Apr 13, 2018

Australia: Confidence is the name of the game - Westpac

According to Elliot Clarke, Research Analyst at Westpac, while the global markets have remained in a delicate balance this week, unsure of the next tu

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