FX Cross Flows Update

From Citibank:

Starting to see some short-covering in EUR but this has a long way to go

  • EURAUD: Strong turnover, clear selling bias led by leveraged and real money.
  • EURNOK: Strong turnover, clear bias to selling led by real money
  • EURSEK: Strong turnover, clear bias to selling led by real money
  • EURCHF: Strong turnover, clear selling bias led by leveraged and some corporates.

Relative value trades

  • AUDCAD: Some turnover, clear bias to selling

  • NOKSEK: Good turnover, clear bias to selling

  • AUDNZD: Good turnover, clear selling bias.

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