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Month-end fixing points to US dollar buying - Citi

Citi sees a scope fir further USD upside, though if today is any indication, the idea of USD fixing demand into month end (tomorrow) is tenuous.

"CitiFX Strategy continues to see further upside in USD and global rates as well a decline in risk assets. For rates, they note some two-way event risks (month-end rebalancing, Tokyo CPI, etc) as well as rising short positioning particularly for US rates, despite overall upside momentum. We also think the recent sell-off in risk assets will... Read More

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Content Topics

Month

End

Fixing

Points

Dollar

Buying

Citi

Month end

Forex

Posted: Feb 27 2023, 17:58

Author Name: forexlive

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