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Citi's Final Month-End Model Points to USD Buying

USD
  • Citi write that intraday moves will be harder to assess today due to only one US catalyst due on the calendar as well the choppiness of month-end flow.
  • Their final estimate of month-end FX hedge rebalancing needs points to USD buying against all other currencies.
  • The signal to sell JPY is strongest this month, largely driven by fixed income hedge rebalancing needs
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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