Credit Agricole's fixing model points to "mild USD buying across the board" this month-end, owing to the rebalancing performance amid broad equity declines, combined with FX-adjusted market cap effects. Of note, the firm says that the strongest signal is for dollar demand against the loonie. As such, the model suggests long USD/CAD to be the month-end flow that stands out this time around.
Mild dollar buying the signal for this month-end - Credit Agricole
- The November trading month wraps up this week with the Thanksgiving holidays also just around the corner
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