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- Does USD weakness has legs? - Citi
Does USD weakness has legs? - Citi
eFXdata reports that Citi discusses the USD outlook.
"The latest CitiFX Flows & Positioning highlights that with the move in US yields, short term USD positioning is now in long territory. The recent dollar buying has been concentrated amongst leveraged investors, with only slight inflows from real money. With overall USD positioning slightly long, and with our expectation that real yields begin to move lower again, we continue to like USD shorts. We remain bearish USD, and expect the downtrend to resume as US real yields top out. Continued Fed dovishness remains important for our view, in addition to global recovery," Citi adds.
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