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Citigroup Says It's Time to Sell the Dollar for the Summer

  • Smaller, riskier currencies seen by Citi as playing catch-up
  • Turmoil has helped erase all election-related dollar gains
Bloomberg business news

TD Bank Analyst Sees Trump Premium Built Into the Dollar

There’s a silver lining for President Donald Trump while he’s facing the toughest moment of his presidency: he’s getting his wish when it comes to a weaker dollar.

Since his comments on April 12 when he said the greenback was too strong, the Bloomberg Dollar Spot Index has fallen 3.1 percent, with a solid chunk of that coming in the past couple of days following the disclosure of a memo from former FBI Director James Comey and a probe into links between the Trump administration and Russia. According to analysts at Citigroup Inc., there’s more room for the dollar to fall.