Long USD against GBP, AUD, CAD and NOK – RBC

FXStreet (Delhi) – Research Team at RBC, suggest in their month end hedging strategy to buy USD against the likes of GBP, AUD, CAD and NOK, supported by their hedging model as the US equities are down 4.6% MTD.

Key Quotes

“In the absence of a significant rally in US equities today, our model will suggest buying USD against GBP, AUD, CAD and NOK at the NY close today, holding the position to tomorrow’s close. On the last trading day of August, the model’s signals were all long USD and the return was +0.2%.