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### - POV - Most, if not all, end month......>

DOLLAR
MNI (London)
DOLLAR: ### - POV - Most, if not all, end month models suggest today's fixings
to see Usd sales, with most attention set on this afternoon's 1600GMT fix. Usd
short positioning reported to be stretched so today's bout of suggested Usd
sales may only provide a mild extended kick lower before market becomes over
exposed and open to a sharp Usd recovery. US Senate expected to pass the tax
reform bill Thursday or Friday, then it will go to Conference with expectations
this could begin next Wednesday. Progress on the US Tax Bill should boost the
outlook for the Usd, along with recent hawkish sounds from Fed Yellen, into year
end. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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