Thursday Marks M/E Value Date, Models Point to Modest USD Sales
Oct-27 07:56By: Edward Hardy
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- Worth recalling that sell-side month-end models are pointing to moderate USD sales for October and that today marks month-end value date, so could mean flow picks up through NY hours.
- Morgan Stanley sees that most local equity markets have strengthened into month-end, suggesting USD is to weaken against most others in G10.
- The signal is consistent with the exception of JPY and NZD this month, however the GBP signal is also insignificant given the nearly flat equity market* Barclays see moderate USD sales against all majors expect the JPY, where the signal is instead strong.
