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Citigroup buys risk currencies before European crisis resolution

Posted on 20 October 2011

Citigroup Inc. is purchasing higher-yielding currencies before a resolution to the European debt crisis, citing a long-term lack of dollar demand.
The U.S. currency’s rally in September was driven by the safety appeal of Treasuries rather than other U.S. assets, signaling an inherent weakness in the greenback, according to Steven Englander, head of Group of 10 currency strategy at Citigroup Inc. in New York……………………………………….Full Article: Source


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