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Jul 29 - 10:55 AM

USD: Month-End Fixing Model Points To USD Selling Signal Into The Fix - Citi

By eFXdata  —  Jul 29 - 09:33 AM

Citi flags a USD selling signal from its month month-end fixing model.

"The July FOMC was slightly hawkish relative to our and market expectations, but in line with the view of Citi’s economists by signaling that a taper announcement could come as early as the September FOMC," Citi notes. 

"Dollar weakness is also likely to continue over the coming sessions. Factors to consider include month-end USD selling signals alongside a large drawdown in the TGA ahead of the July 31 ‘soft debt ceiling’ deadline," Citi adds. 

Source:
Citi Research/Market Commentary

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