USD strength ... wondering on how much of it is flow ahead of end-of-month

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