From the FXWW Chatroom: US equities are down 1.6% so far in February and our month-end hedging model is likely to send USD buying signals today. Unless there is a significant rally today, the model will go long USD against GBP, CAD, AUD and NOK at the NY close today, with positions held to tomorrow’s close. Our trade of the week is short GBP/USD partly for this reason.
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