17:15 - 28.08.2026

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August 28, Fineko/abc.az. According to Citigroup strategists, easing oil prices and a weakening US labor market will weigh on the dollar while easing the burden on long-term bond yields.

Bank analysts argue that the recent surge in Treasury yields is driven primarily by real yields and energy prices, rather than fiscal deficit concerns or inflation expectations. Against this backdrop, Citi maintains short positions on the dollar against the euro, gold, and high-yielding emerging market currencies.

Citi strategists also do not expect radical policy shifts ahead of the quarterly borrowing announcement on November 2 and the mid-term elections on November 3.