A client note from Credit Agricole - and just just a snippet on the USD and the approaching end of month
Interesting given the strength for the buck we are currently seeing. Also interesting they remind me its end of month, wow that snuck up quickly
Credit Agricole's month-end FX portfolio-rebalancing model suggests that flows are likely to result in
- moderate USD buying vs EUR
- mild USD buying vs GBP
Neutral signals seen in the other USD pairs
