Delicate greenback promoting anticipated into month-end repair – Credit score Agricole

Credit score Agricole’s month-end rebalancing mannequin signifies that the greenback needs to be provided throughout the board, although the sign is a gentle one. The good points in US equities through the August month is cited as the primary driver, making for rebalancing flows that can lean again in opposition to the greenback barely.

The agency notes that regardless of the firmer greenback through the month, fairness power adjusted for market cap and FX strikes factors to delicate promoting strain. The strongest promote sign can be in opposition to the NOK however different G10 currencies are anticipated to only face slight greenback promoting total into the month-end repair.

From yesterday: Weak greenback promoting the sign this month-end – Barclays

This text was written by Justin Low at investinglive.com.