Comments from Barclays on month-end flows:
- "We expect the rebalancing of hedges at month-end to lead to small amounts of USD buying against the major currencies"
- US stocks ended the month lower"in terms of market value
- "Equity markets elsewhere, outside of Japan, are also lower on the month"
- "The re-pricing of US interest rates - delay and flattening of the rate hiking path - has implied a move higher in US bonds. While month-end dollar demand may be modest versus the EUR, JPY, GBP and CAD, it is a bit stronger vs AUD"