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Bank month-end FX rebalancing model...........>

FOREX
MNI (London)
FOREX: Bank month-end FX rebalancing model summary:
- Barclay's month-end FX rebalancing model points to strong USD selling via
EUR/USD, GBP/USD, AUD/USD & USD/CAD. The USD selling signal is more moderate in
USD/JPY.
- Credit Agricole's model expects month-end flows to be strong USD selling
across the board.
- Citi FX Quant also forecasts USD sales to emerge but adds that signal not as
strong as seen in its preliminary report, issued last week. Cable seen with the
strongest buy signal. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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