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Apr 27 - 09:55 AM

G10: Prelim Estimate Of Month-End Fixing Model Points To Avg USD Selling Into This Month's Fix - Citi

By eFXdata  —  Apr 27 - 08:37 AM

Citi's preliminary estimate of this month-end fixing model points to average USD selling into 4pm London Fix on Friday April 30.

"The preliminary estimate of month-end FX hedge rebalancing flows points to a greater than average USD selling need this month," Citi notes. 

"The signal exceeds 1.5 standard deviations in all crosses except GBP where good performance of UK equities and bonds creates some offsetting GBP selling needs," Citi adds. 

Source:
Citi Research/Market Commentary

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