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Aug 27 - 09:55 AM

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Bank of America: Month-End Fixing Points to Rebalancing out of GBP and EUR and into USD

By eFXdata — Aug 27 - 09:13 AM

Bank of America Global Research summarizes the signals from its month-end fixing model which points to lower GBP/USD and lower EUR/USD into this month's fix.

"We estimate FX rebalancing needs based on a conventional 60/40 portfolio of global equities & bonds.

The underperformance of USD vs GBP & EUR denominated assets over August suggests rebalancing out of GBP (-1.3σ) and EUR (-0.6σ) and into USD," BofA notes.

Screenshot_2026-08-27_at_9.11.32___AM.png

Source:

BofA Global Research

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