Citibank: Dollar peak will only come when world economy recovers – Bloomberg

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The dollar is likely to keep rallying until the current slowdown in the global economy is over and growth starts to accelerate again, according to Citigroup Global Markets Inc, per Bloomberg.

“Until then, the US currency is the ‘safest place to hide,’ particularly as it offers a yield premium over its global peers,” Bloomberg quotes a note prepared by Citi strategists, including Jamie Fahy in London.

Also read: US Dollar Index pares recent losses around mid-112.00s ahead of US consumer-centric data

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