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.Hence then, the article about month end flows to favour the dollar deutsche was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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