Thursday, November 1, 2012
Forex Daily Review: End of Month FX Flows, USD or CHF?
31 October, 2012, the last day of the month is often reflected in the Forex market during the fixing hours. End of month FX flows may show great demand for the US dollar against the major currencies due to:
Recent natural disasters
Upcoming US elections
Greece difficulties in achieving its fiscal goals
Potential US fiscal cliff
Uncertainty in global markets forces traders to seek demand in safe-haven currencies. To affirm USD demand for today’s session it is important to note Greece drafted its budget for 2013 that includes new measures of
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