Citi "expands the window for dollar weakening over the course of the coming summer"

Reuters reporting remarks from a Citi report published on the USD outlook earlier on the day.

Key Points:

The appointment of a special counsel to investigate Trump/Russia ties implies the better position is to sell USD

Looking for broad-based dollar weakness, not necessarily a concentrated 'risk-off' move

Focus on U.S. politics has heated up

The underperformance of from some small & 'risky' currencies represents a buying opportunity

More political uncertainty in the US will mean more USD weakness - it makes policy progress in the US less likely