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Citi Wealth Insights

Turkey Troubles: Limited Contagion So Far

Turkey Troubles: Limited Contagion So Far

The Turkish Lira continued its decline and fell to its lowest level in history, touching TRY 7 against the US dollar on 13 August. It was down 20% last week and more than 40% since early August.
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Turkish Turmoil Continues to See Flows into Safe Haven Currencies

Turkish Turmoil Continues to See Flows into Safe Haven Currencies

Rising geopolitical tensions support flows into safe haven FX (USD, CHF & JPY)
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Is Japanese Economic Growth Slowing?

Is Japanese Economic Growth Slowing?

Citi analysts expect global economic growth to support the uptrend for Japanese exports and production, albeit at a somewhat slower pace.
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Strategies for a Low Volatility FX Market

Strategies for a Low Volatility FX Market

FX volatility is at lows for the year and well below levels seen following Italy’s political crisis.
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USD Hits 12 Month Highs on Renewed Turkish Geopolitical Tensions

USD Hits 12 Month Highs on Renewed Turkish Geopolitical Tensions

The USD Index (DXY) closed above 96.00 for the first time since July 2017. The gains come amid a risk aversion spike led by an unprecedented 17% plunge in the Turkish Lira (TRY), against the backdrop of worsening US – Turkish relations.
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Sterling Hit by More Brexit Uncertainty

Sterling Hit by More Brexit Uncertainty

Sterling continues to break to new lows on the back of more Brexit uncertainty.
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