Analysts at Citigroup offer their outlook on the US dollar, in light of the Fed’s dovishness and signs of recovery in China.
Key Points:
Sees ‘material risk’ of a higher USD in May.
A turnaround of two key themes that have driven risk rallies in past months. The positives were:
- Rebounding China
- Dovish Fed
Go short EUR/USD, volatility to increase in May.
Share
