G10: Month-end rebalancing flows points to moderate USD selling - Citi

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30 March 2021

G10: Month-end rebalancing flows points to moderate USD selling - Citi

eFXdata reports that Citi's analysts updated the estimate of this month-end fixing model point to moderate USD selling into tomorrow's fix.

"The signal has changed to a moderate USD sell. The strength of this month’s signal is below the historical norm, measuring 0.4 standard deviations on average."

"The discrepancy between the JPY sell and buy-signals for other currencies suggests that EURJPY, GBPJPY and other JPY crosses may also move higher ahead of this month-end."

European stocks closed: FTSE 100 6,772.12 +35.95 +0.53% DAX 15,008.61 +190.89 +1.29% CAC 40 6,088.04 +72.53 +1.21%

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