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###POV: USD MAINTAINING STRENGTH AT...........>

FOREX
FOREX: ###POV: USD MAINTAINING STRENGTH AT MONTH-END
Ahead of month-end the USD maintains seasonal October strength across G10 as
highlighted in previous POV's on Oct 1 (October Seasonal Trends) & Oct 16 (USD
Maintaining Seasonal Trend). Citi & CACIB's month-end FX rebalancing models both
confirm strong USD buy signals, further strengthening the case. It's also worth
reminding that the next SOMA redemption day also takes effect on Wednesday and
normally results in USD demand. 
- EURUSD lower 4 of the last 5 years, currently -1.92%
- NZDUSD lower 5 of the last 6 years, currently -1.13%
- AUDUSD lower 2 straight years, currently -1.84%
- USDCAD higher 5 of the last 6 years, currently +1.45%
- USDCHF higher 5 straight years, currently +1.85%
- USDJPY higher 7 straight years, currently -1.19% (Sharp falls in US stocks)
- GBPUSD lower 5 of the last 6 years, currently -1.59% 
- The DXY has registered gains in October for the last 4 years, currently
+1.45%.

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