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 

or off?

Citigroup strategist bearish US dollar


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