Month end flows and consolidation playing out - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted how the dollar is behaving at month end.

Key Quotes

"The US dollar is consolidating, largely within yesterday's ranges. Month-end and quarter-end hedge and portfolio adjustments are notoriously difficult to predict."

"There is also large option expires today. Given the EU Summit this weekend, a holiday in the US on Monday, and no fewer than five central bank meetings among the high-income countries next week, the broad consolidative, even in choppy, tone is likely to carry into the weekend.