Hedge fund clients of Citigroup sold the US dollar around last week’s US Supreme Court ruling that struck down President Donald Trump’s sweeping tariff measures, according to a report by Reuters citing a note from the bank.
The dollar weakened in volatile trading on Friday after the US Supreme Court ruled that the tariffs could not be justified under national emergency legislation. Citi said hedge fund clients were net sellers of the greenback both around and following the decision.
Kristjan Kas...
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