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Citi Wealth Insights

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USD ends the week on 4 month highs with gains primarily against the euro; China entering a critical phase to tackle Coronavirus

USD: The broad based USD Index (DXY) ends the week holding above the 99 level and at 4 month highs with EURUSD falling to new lows at 1.0835 (refer to EUR strategy for a detailed discussion about EUR’s decline).
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UK chancellor’s resignation could clear path for larger scale stimulus; Markets fade response to new methodology on Coronavirus cases

GBP: UK chancellor Javid’s resignation overnight could clear path for more large scale fiscal stimulus.
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USD rally continues especially against euro as markets ignore US political risks for now; Neutral RBNZ supports 1.00% terminal rate

USD: A refocus back to US political risks: New Hampshire update – Bernie Sanders wins the New Hampshire primaries with Buttigieg coming in second.
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Is overnight price action starting to signal an end to USD’s recent gains? EUR sentiment neutral for now on Coronavirus concerns

USD: The broad based USD Index (DXY) trades heavy overnight in profit taking from recent gains even as US data is supportive.
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USD continues its relentless rally for now; Coronavirus – possible peak before month end?

USD: The overnight price action sees USD continue its rally and once again, a number of reasons seem to be given for the rally –
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Will China’s economy be able to recover quickly?

Although China is now a larger economy and growing more slowly than during SARS, the economic drag resulting from the coronavirus is likely to be concentrated in Q1.
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