February 3, 2023

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Preliminary estimates of month-end FX hedge rebalancing flows point to more than usual USD selling

1 min read

Analysis from a US bank (which must remain unnamed) 

  • Says that their preliminary estimate of month-end FX hedge rebalance flows points to greater than average USD selling being needed need this month.
  • Says the average signal strength
    across all USD crosses measures 1.7 standard deviations and that signals of
    this magnitude have occurred only 5% of the time since 2004

Meanwhile, the Asia session today is seeing USD buyers winning out, here is EUR/USD for example (the USD is up across the major FX board though):

Analysis from a US bank (which must remain unnamed) 

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