At the balance, the model points to month-end flows being more USD positive. And that is also supported by the notion that US equities have underperformed for a while versus all the rest of the world indices tracked by Deutsche. That adds to a more bullish USD bias in the short-term amid a lack of news flow this week, according to the firm.
Among the standouts, Deutsche highlights selling in NZD/USD and AUD/USD as part of a seasonal trend on the day before month-end i.e. 27 February and month-end date itself i.e. 28 February.
This article was written by Justin Low at www.forexlive.com. Read More Details
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