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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 recent 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 "due to the large size of the US equity market, its
significant underperformance dominates in our model and induces it to produce
strong dollar buying against all majors."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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