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Jun 28 - 06:55 PM

USD: Month-End Fixing Model Points To Moderate USD Buying Into The Fix - Citi

By eFXdata  —  Jun 28 - 03:00 PM

Citi's month end fixing model points to a USD buying into this month's fix.

" potential for quarter-end flows keeps us cautious in overinterpreting some of the intraday moves," Citi notes.

"As a reminder our CitiFX Quant see FX hedge rebalancing flows resulting in USD demand, with the buy-signal at 1.7 historical standard deviations, based on their preliminary estimates," Citi adds.

Source:
Citi Research/Market Commentary

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