DEUR News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E571

Hungary and Poland have been blocking the EU's seven-year budget and its post-crisis recovery for weeks, stopping nearly €2T from reaching member states, but the bloc may soon be moving on without them.At issue: Payouts from the budget would be suspended to a country if a weighted majo...

The initial estimate of eurozone GDP growth in Q3 far surpassed expectations. But renewed COVID-19 restrictions point to a sizeable GDP decline in Q4. Whether the eurozone can avoid another technical recession is uncertain at this point. Either way, the road back to pre-pandem...

Emerging market currencies and the majors that benefit from world growth outperformed the perceived safe-havens, like the yen and the Swiss franc. Yesterday's violent moves may have been an overreaction, but today's action is more consolidative than a reversal. The dollar is tradi...

The new week has begun with robust risk appetites, driving stocks higher and sending the dollar broadly lower. The greenback fell by 2% against the Canadian dollar last week, the largest decline in five months. The dollar was weaker against nearly all the world's currencies, but t...

I retain my call stated in the Q4 outlook, published September 21, 2020, for oil, treasury and equity prices to decline with the USD rising. Thus far in Q4, I am correct on oil and Treasury yields. Largely flat to slight miss currently on equities and the US dollar. The Fed cannot...

EUR/GBP has been moving higher, albeit slowly, over the past few months. Further upside can probably be expected, considering that the U.K. faces heightened uncertainty post year-end, after its trade deal deadline passes. The U.K. may be able to formalize a trade deal with the EU ...

The US dollar had one of its worst weeks of the year. Many participants were caught wrong-footed by the dollar's drop and the sharp drop in US yields. The broad dollar weakness is making it difficult for the PBOC to resist a stronger yuan. For further details see: Bears ...

Turkish equities have not moved much in 2020, however they have collapsed in international FX terms. USD/TRY and EUR/TRY continue to appreciate. Indeed, all G10 currencies have appreciated against the lira between 40 and 60% this year. Nevertheless, while consumer confidence remai...

Despite escalating trade tensions with China, Australia reported a much larger-than-expected trade surplus for September. German factory orders were weaker than expected in September, suggesting that Europe's largest economy may have entered its new social restrictions with fading eco...

The dollar, which fell on Tuesday, is recovering smartly today. It has risen against nearly all currencies. Among the majors, the Australian dollar has been hit the hardest; the Swiss franc is the strongest, and virtually flat. Emerging market currencies have seen some dramati...