💵⚠️ Options Market Increases Preference For Dollar Calls: Cable FX Macro

• The Tuesday session saw the options market increasing its preference for dollar upside to levels not seen in more than a month. A Bloomberg index measuring 1m dollar risk reversals is extending higher this week, last at 24.4bps in favour of calls

• Our measure of the dollar <.RDDXY> jumped by more than 1.0% on Tuesday