US dollar bid into the London fix

Read full post at forexlive.com

There are some crosscurrents at the moment as equities bounce somewhat so the picture isn’t entirely clear but the US dollar is finding an extra gear into the London fix.

It’s quarter-end so there will be some large fixing flows this week and Citi models (which I published earlier this week) called for USD strength.

Some of that may slowly fade after the turn of the hour.