FX OPTIONS: EUR/USD 1mth R/R Comes Better Offered for EUR Puts

The 1mth 25 delta risk reversal has come better offered for EUR puts, to 0.15 pct last, on the back of this morning's spot ascent to 1.2670. This is the highest level at which EUR/USD has traded since October 6--a day on which the 1mth R/R flipped to favour downside strikes (post-NFP). Expiry-wise: there is speculation that a 1.2650 strike rolls off at today's 10am EST NY cut (14:00GMT). A 1.2650 exotic barrier was erased in early European trade (1.2642 was today's Asian session top).