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CROSS ASSET: USD sees a broader base bid in the past few minutes

CROSS ASSET
  • A broader bid going through in the Dollar despite Bonds still seeing better buying interest on the margin, as we have already mentioned the picture for Month End FX is mixed among some of the Banks, some favoured buying, while other models suggested some selling.
  • The dollar tests a new high against the GBP, SEK, CAD, CZK, and SGD.
  • Investors will also be keeping a close eye on potential Month End Flows in Bond futures going into the unofficial European close.
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  • A broader bid going through in the Dollar despite Bonds still seeing better buying interest on the margin, as we have already mentioned the picture for Month End FX is mixed among some of the Banks, some favoured buying, while other models suggested some selling.
  • The dollar tests a new high against the GBP, SEK, CAD, CZK, and SGD.
  • Investors will also be keeping a close eye on potential Month End Flows in Bond futures going into the unofficial European close.