In its latest client note, Citigroup’s Head of G-10 FX strategy in New York, noted that they remain structurally bullish on the US dollar.
Additional Points:
Structurally bullish on the US dollar, citing strong growth, Fed rate hikes and relative yields (drawing in capital to the US).
But say President Donald Trump could change that;
- his admin has a preference for a weaker US dollar.
- combined with his unpredictable policy moves.
“The biggest risk to our view, however, is that the Treasury decides to intervene to weaken the USD. Though still a tail risk, if they were able to corral the Fed to participate, this would be a game changer for the USD outlook.”
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