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Citi See Equity Outflows, Neutral USD for April Month-End

CROSS ASSET

A quick refresher on Citi's month-end view (out late yesterday):

  • Flags need to rebalance into bonds and out of equities for April - adds that their model has the strongest signal for "outflows from emerging European equities" following this month's appreciation.
  • On FX, their model sees neutral month-end for the USD, but sees upside potential for EUR/JPY.

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