Citi "expands the window for dollar weakening over the course of the coming summer"
|Reuters reporting remarks from a Citi report published on the USD outlook earlier on the day.
Key Points:
The appointment of a special counsel to investigate Trump/Russia ties implies the better position is to sell USD
Looking for broad-based dollar weakness, not necessarily a concentrated 'risk-off' move
Focus on U.S. politics has heated up
The underperformance of from some small & 'risky' currencies represents a buying opportunity
More political uncertainty in the US will mean more USD weakness - it makes policy progress in the US less likely
Some of this is 'priced in', but the current skew in pricing is not enough to support the dollar
"Expands the window for dollar weakening over the course of the coming summer"
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.