(HedgeCo.Net) When Citigroup told clients that its hedge fund customers were net sellers of the U.S. dollar around the market’s reaction to a U.S. Supreme Court decision striking down President Donald Trump’s emergency-law tariffs, it sounded like a narrow flow note—interesting, but tactical. In reality, it’s a compact snapshot of how sophisticated capital responds when trade policy, legal risk, and macro positioning collide.
The dollar is the world’s reserve currency, but it is also a crowd...
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