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Citi Wealth Insights

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USD down on Fed’s Mester comments re: balance sheet

Fed President Mester (a hawk) makes dovish comments overnight on the Fed balance sheet.
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ECB stimulus conditional on a more sustained euro zone slowdown

Bank of France Governor and ECB council member Villeroy - “slowdown of the European economy is “significant” and the ECB could change its interest-rates guidance if it becomes clear the situation isn’t temporary”.
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