Citi: Central Banks Are Going To Start Dumping Dollars In The Coming Weeks

The historical record suggests that under these circumstances they are very likely to be dollar sellers in coming weeks. Needless to say, all the analysis in this note is based on publically available data. Moreover, we find that our results are more robust when based on aggregates rather than data published by any individual central banks, so none our analysis refers to any one central bank.

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