USD/CAD options market sheds bullish bias

One-month risk reversals on USD/CAD, a gauge of calls to puts, declined to a one-month low of 0.075 on Friday, indicating a decline in the premium claimed by calls or bullish bets over put options. 

In other words, the demand for call options is easing. Risk reversals hit a high of 0.35 on Sept. 25.

Should the gauge extend the decline to below-zero levels, it would imply a bearish shift in sentiment. A negative number is the result of puts drawing a higher premium than calls. 

USD/CAD is trading near 1.3148 at press time, representing a 0.11% gain on the day.