Citi forecasting a 50bp rate cut from the Federal Open Market Committee in July.
Citigroup strategist citing the dovish comments from Williams and Clarida
- "so close to the blackout period that emphasized the case for early action"
- Says it supports a tactical bearish view on the USD and tips the scales to a 50bp cut
- Citi thus like short USD against CAD, AUD and NOK
The USD has already had a huge plunge Thursday, so yeah.
Time to get on