Credit Agricole CIB Research highlights the prelim reading from its month-end fixing model.

"Global equity markets were broadly firmer in June. In FX, the USD has outperformed across the board on the month," CACIB notes.

"Overall, the moves in equity markets, when adjusted for market capitalisation and FX performance this month, suggest month-end portfolio-rebalancing flows are likely to be mild USD buying across the board with the strongest buy signal in the case of the USD vs the SEK," CACIB adds.