From the FXWW Chatroom – USD – One to watch today will be the DXY from 14.30 to 17.30. As noted the SOMA redemption day on October 31 will be a hefty one and will necessitate the second largest liquidity drain ever at usd 22.9bln. Add in to the mix the month end rebalancing flows with bank models suggesting the usd buying at over 2 standard deviations will be the largest buy signal since 2008. Markets also expect a large switch into equities with another outsized buy signal.
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