NZD/USD risk reversals show weakest bearish bias in nearly 3 months

According to data source Reuters, the one-month risk reversal on NZD/USD, which measures the spread between the value of calls (bullish bets) and puts (bearish bets), has risen to -0.85, the highest level since Sept. 3, having bottomed at -2 on Nov. 3. 

The recovery to multi-month highs indicates a weakening of demand for put options alongside NZD/USD's four-week rally to 29-month highs above 0.70.