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G20 & Quarter End Means Lively Friday FX Trade

From bkassetmanagement.com

The highly anticipated G20 meeting kicks off tomorrow and between heightened uncertainty over the weekend and month/quarter-end, Friday should be a lively day for the forex market. US stocks hit record highs in the second quarter and while the greenback tumbled in the month of June, it experienced strong gains in March and April. When investors and portfolio managers rebalance their portfolios at the end of the month and quarter, the sharp rally in U.S. stocks will prompt managers to sell dollars to bring their portfolios back into balance. This flow could be compounded by pre-weekend profit taking because the big ... (full story)

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  • Category: Fundamental Analysis