Citi month-end model: Prelim. estimate points to moderate USD selling vs all major currencies ex-EUR.
FX
- Prelim. estimate: moderate USD selling vs all major currencies ex-EUR.
- Both international equity and fixed income investors likely to sell USD this month-end.
- Japanese investors to increase hedges on foreign equity and fixed income, likely to buy JPY and sell USD.
- Strong Eurozone and UK bonds performance dampens signals to buy EUR and GBP.
- Real money client flows show recent JPY and AUD buying, in line with the signal.
Other signals
- Citi notes of a signal of buying global equities and selling global bonds..
28 Mar 2023 - 07:23- - Source: Newswires
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