The model indicates „a moderate USD selling signal against most majors, with a strong signal in EUR/USD“. Adding that most of the selling pressure against the dollar „should be seen in non-commodity G10“.

Meanwhile, Citi’s month-end asset rebalancing model suggests that there should be outflows from equities and inflows into fixed income „for investors who target constant proportional asset allocation“.

This article was written by Justin Low at www.forexlive.com.