Citi: "A huuuge USD move ahead" - EUR/USD to 0.9 & USD/JPY to 130 on US stimulus

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Steven Englander, global head of Group-of-10 currency strategy at Citigroup on the US dollar if Trump & Congress carry out most of their stimulus programs while the labor market strengthens

  • Could easily send EUR/USD lower than 0.90
  • & USD/JPY to 130 yen
(Didn't give a timeframe)

"We can see a huuuge, not a baby, USD move ahead," Englander wrote in a note following the release of December's employment report. "This would be the biggest fiscal shock since the Reagan period" if Trump's plans are carried out and the Federal Reserve stays hawkish.

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