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FOREX: Barclays' Month-End Model Eyes Strong USD Sales

FOREX
  • Barclays' month-end model shows strong USD selling against most major currencies, however quarter-end flows are seen as relatively muted.
  • The overall signal is strong, but is between moderate/strong in the case of NOK and SEK. The month-end signal is driven mainly by the continued rally in US equities, while ex-US markets are more stagnant.
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  • Barclays' month-end model shows strong USD selling against most major currencies, however quarter-end flows are seen as relatively muted.
  • The overall signal is strong, but is between moderate/strong in the case of NOK and SEK. The month-end signal is driven mainly by the continued rally in US equities, while ex-US markets are more stagnant.