Some additional flow information from overnight:

  • Decent USD/CHF selling from real money accounts was reported near .9550/60;
  • Real money were also noted sellers of GBP/CHF and GBP/USD;
  • NZD remains very well supported with insurance-related inflows the main reason being given for the big NZD move higher in recent days; the NZD buying was most notable against the GBP and USD, which would seem to confirm the insurance-payments story.