After two days of dismal option market behavior, one-month risk reversal (RR) of USD/CHF, a gauge of calls to puts, jumps the most since December 13 on Thursday. That said, the RR rose to +0.037 figure at the latest per the data source Reuters.

Even so, the options market gauge remains negative on the weekly, monthly, quarterly and yearly basis, which in turn keeps USD/CHF bears hopeful.

Behind the bearish bias of USD/CHF could be the Swiss Franc’s (CHF) safe-haven status that gains major attention during times when virus woes are escalating and the inflation fears also hover.

That said, the USD/CHF pair remains down for the fifth consecutive day, lackluster around 0.9140 of late, while testing the seven-week low.