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RBC Flag Dollar Buying Need For Month-End Re-Balancing

FOREX

RBC note that "equity markets are down significantly this month (S&P -4.3% month-to-date) and our models will likely point to USD buying as global equity managers reduce hedges. Unless there is a very large rally today, the models signals will be long USD against GBP, AUD, CAD and NOK at today's close with positions held to tomorrow's close."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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