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RBC Flag USD Selling Need For Month-End

FOREX

RBC note that "U.S. equities are up 2.0% month-to-date - sufficient to trigger USD selling signals against GBP, CAD, AUD and NOK from our month-end equity hedging model. The signals are for the NY close today, with positions held to the NY close tomorrow. It would take only a small sell-off in stocks today to start neutralising the signals, however."

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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