Citi: G10 Flows: Against the grain via FXWW Chatroom

Although the USD has lost ground against all of its G10 peers today, we have seen reasonable net USD buying, concentrated against AUD, NZD and GBP. We saw similar contrarian trading yesterday, which proved fruitful. Will it today? 
–    EURUSD: Turnover above average; small bias in favor of buying 
–    USDJPY: Turnover average; small bias in favor of selling 
–    EURJPY: Turnover above average; no bias 
–    GBPUSD: Turnover above average; bias in favor of selling 
–    EURGBP: Turnover above average; bias in favor of buying 
–    AUDUSD: Turnover very high; bias in favor of selling 
–    NZDUSD: Turnover very high; bias in favor of selling 
–    USDCAD: Turnover just below average; small bias in favor of selling 
–    USDCHF: Turnover below average; no bias, little interest 
–    EURCHF: Turnover below average; no bias, little interest 

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