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Dollar demand rumored at the month-end fixing
Written by Jamie Coleman
October 31, 2012 at 13:56 GMT
The flows are generally a result of asset managers rebalancing portfolios to get back to their benchmark bogies. If, for example, US indexes underperform versus foreign counterparts during a month funds need to buy US equities and sell foreign equities (and currencies) to get back to a neutral weighting.
Today’s fixing comes at 16:00 GMTIgnored
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