Citigroup currency strategists turned bearish on the US dollar near term, citing expectations for a less hawkish Fed, the backdrop of midterm elections, and additional US Treasury debt buybacks. The setup is generally supportive for USD weakness rather than a USD-strength catalyst. While not a single data point, the cross-currents suggest a modest shift in FX positioning that could move USD-related pricing in the near term.
Citigroup currency strategists turned bearish on the US dollar near term, citing expectations for a less hawkish Fed, the backdrop of midterm elections, and additional US Treasury debt buybacks. The setup is generally supportive for USD weakness rather than a USD-strength catalyst. While not a single data point, the cross-currents suggest a modest shift in FX positioning that could move USD-related pricing in the near term.
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mildly positive
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0.15
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