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The Zhitong Finance App learned that Citigroup's US foreign exchange trading team expects that although it may be difficult to replicate the impressive returns of the previous period, it will continue to provide investors with profit opportunities. Fuad Muvdi, head of foreign exchange trading at Citigroup America, said that such transactions will still benefit from higher interest rates in emerging markets by borrowing low-yield currencies and then investing capital in markets with higher returns. Meanwhile, after Federal Reserve officials decided not to raise interest rates last week, he expected the dollar to weaken slightly.
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The Zhitong Finance App learned that Citigroup's US foreign exchange trading team expects that although it may be difficult to replicate the impressive returns of the previous period, it will continue to provide investors with profit opportunities. Fuad Muvdi, head of foreign exchange trading at Citigroup America, said that such transactions will still benefit from higher interest rates in emerging markets by borrowing low-yield currencies and then investing capital in markets with higher returns. Meanwhile, after Federal Reserve officials decided not to raise interest rates last week, he expected the dollar to weaken slightly.
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