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Citi's Month-End Rebalancing Estimate Points to USD Sales

FOREX

Citi write that relative outperformance of US assets this month has likely left foreign investors under-hedged. As such, August so far is giving a net USD sell signal to increase hedges.

They write that the MSCI US index is among the world's best performers across the month (although second to the Japanese index with a gain of 7%).

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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