Citi forecasting a 50bp rate cut from the Federal Open Market Committee in July.

Author: Eamonn Sheridan | Category: Central Banks

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
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The USD has already had a huge plunge Thursday, so yeah. 
Time to get on 
or off?

Citigroup strategist bearish US dollar

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