🇨🇭LIVEDESK: FX Flows

FX flows are down 35% vs yesterday and 34% vs the last five days average ahead of today's FOMC decision. There has been a clear USD buying bias, led by macro directional names. In G10 the standout net directional flows have been USD buying vs JPY and AUD, led mainly by macro, but with notable participation from retail in USDJPY. In EM, USD flows have been mixed, with USD buying vs SGD offset by USD selling vs TWD.

Source: UBS