Reported about 21 hours ago
Citigroup Inc. forecasts a potential decline in the dollar following the recent G-7 meeting, as discussions on currency policies reflect the US's approach to lowering tariffs with its trading partners. The bank's strategists suggest that while the US may not actively seek a weaker dollar, the currency could depreciate as trade negotiations progress, particularly involving countries like Japan and China. Factors influencing this outlook include the impact of central bank policies and foreign currency reserves on US interest rates.
Source: YAHOO