Citigroup Reports Hedge Funds Selling US Dollars After Supreme Court Ruling

Citigroup has reported that hedge fund clients have been selling U.S. dollars following a Supreme Court decision that deemed most Trump-era tariffs illegal. According to NS3.AI, this shift has led to increased inflows into the Australian dollar and emerging market currencies in Asia and Latin America as investors seek alternatives. Despite the selling of the dollar, Citigroup's indicators suggest that there remains a moderate long position on the U.S. dollar overall, as market participants await further policy developments.