🇨🇭LIVEDESK: FX Flows

*Yesterday the desk saw the selling of USD for macro and asset managers versus HKD, JPY, AUD, TWD. In that context, it is interesting to note their USD-buying bias today -albeit in social size. Systematic supply is weighing on vols in general. GBP is a standout, with an increase in supply in the mid dates, mainly GBP puss. 3m GBP opened up around. 7.05 and is 7.0 now, with market makers all quite log. Overall, volumes remain muted and net directional Flow is light.