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Jan 12 - 10:55 AM

USD: Why Isn't The Dollar Rallying? - Citi

By eFXdata  —  Jan 12 - 09:30 AM

With the USD on a recent downward trend despite hike expectations, CitiFX Strategy writes Why isn't the Dollar rallying?

"They note the following points:

Factor, sector, and country rotation in equities has likely contributed to the recent USD underperformance

USD positioning remains relatively long across G10 and EM, limiting USD upside tactically

The rise in oil prices led to the strength in exporter currencies against the Dollar," Citi notes. 

Source:
Citi Research/Market Commentary

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