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