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Bank month-end models continue to point to....>

FOREX
FOREX: Bank month-end models continue to point to strong USD buy signals despite
sharp equity volatility in the past two full trading sessions.
-CACIB write that the moves in equity markets adjusted for market cap and the
relevant currency performance suggest that month-end rebalancing models could be
strong USD buying across the board.
-Barclays write that the underperformance of US equities relative to other
markets drives their model to produce strong USD buying signals across the
board, however this will be updated in the coming sessions.

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