Citigroup's hedge fund clients sold the dollar around Supreme Court tariff ruling

Reuters

Tue, February 24, 2026 astatine 6:03 AM CST 1 min read

LONDON, Feb 24 (Reuters) - Citigroup's hedge money clients sold the dollar astir Friday's U.S. ‌Supreme Court ruling connected President Donald ‌Trump's sweeping tariffs, according to a enactment from the U.S. ​bank shared with Reuters precocious connected Monday.

The dollar fell successful volatile trading connected Friday aft the Supreme Court struck down the tariffs based ‌on a nationalist ⁠emergency law.

"Citi’s hedge money clients were nett USD (dollar) sellers astir and aft ⁠the tariff ruling," Kristjan Kasikov, planetary caput of Citi FX Quant Investor Solutions, said successful ​the note, ​adding the Australian dollar ​was the astir ‌bought currency among large currency pairs.

"Emerging markets currencies, peculiarly successful Asia and Latin America besides saw immoderate inflows," Kasikov added.

Citi noted that, fixed that the Supreme Court ruling result had been ‌expected, the trading volumes ​it saw were broadly successful ​line with past ​trading activity.

The enactment added that adjacent ‌after Friday's dollar move, ​Citi's currency ​positioning indicator pointed to mean agelong dollar positions, driven by hedge-fund and real-money lawsuit ​flows.

A agelong presumption ‌is a stake that an plus ​will emergence successful value.

(Reporting by Dhara Ranasinghe; ​Editing by Amanda Cooper)