Global FX Strategy DXY To Chase Or Not To Chase

Following a hawkish FOMC meeting, Citi is monitoring the DXY index for a sustained breakout above 100.80. The firm remains patient, using price action as a guide for potential long-USD positions.

Key Takeaways

• 1.The FOMC delivered a hawkish signal, shifting market expectations toward a second rate hike for the year.
• 2.Citi maintains a patient stance on the DXY, waiting for a confirmed breakout above 100.80 before chasing further USD strength.

Table of Contents

• Citi's Take
• Appendix A-1

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial