Beware of the London fix later today
Chatter from trading desks is that USD selling will be prevalent for end of month. We've today and tomorrow left to go and traders are expecting some USD sales on equity rebalancing. Credit Agricole's model is also predicting strong USD selling.
Month end moves can happen at any time, though usually the most pronounced moves come at the London fix, in just under an hour. As always, be on guard around 5 minutes before and up to 5 minutes after.