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These are the month-end bank models we have...>

FOREX
FOREX: These are the month-end bank models we have so far.
- Nordea suggest that "SEK, NOK and GBP should see modest selling pressure into
month-end due to portfolio rebalancing."
- Barclays expect strong USD selling versus the EUR, CAD and AUD and moderate
selling against the JPY and GBP. The signal is stronger than our preliminary run
of the model, which pointed to weak USD selling.
- RBC note equities were up over 3% MTD at yesterday's close, so our hedging
signals are confirmed as all short USD (vs, GBP, AUD, CAD and NOK; trades
entered at yesterday's NY close and held to the end of today).
- Citi's month-end FX hedge rebalancing model points to weak USD selling and
buying of all other currencies on Thursday, 28th February. The signal strength
is relatively small by historical standards, measuring around -0.42 standard
deviations.

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