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Aug 07 - 01:24 PM
USD: Vulnerable To Both US Intervention Risk & Risking Fed Easing Expectations - Citi
First appeared on eFXplus on Aug 07 - 11:30 AM

Citi Research discusses the USD tactical outlook and expects the greenback to remain vulnerable against the safe havens (JPY, CHF and Gold) as well as versus EUR

"The outlook for USD remains vulnerable to both US intervention (especially following the labeling of Chin as a FX manipulator) and rising Fed easing expectations as the US – China trade dispute rapidly escalates," Citi notes.

" US rates markets currently discount  almost 3 25bp rate cuts before year-end and a 1.0% terminal cash rate and that leaves USD vulnerable against the safe havens (JPY, CHF and Gold) as well as versus EUR (on possible intervention grounds)," Citi adds. 

Source:
Citi Research/Market Commentary

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