The Euro appears more geared to a recovery than a decline because “a lot of bad news is already baked into EUR spot prices,” says Alex O’Mahoney an analyst at Citibank, the largest FX dealer in the world.

The Euro will stay surprisingly strong despite the deceleration in Euro-area growth and the risk of a U-turn by the European Central Bank from their plans to normalise crisis-era policy settings, according to Citibank.

An interesting note has come in from technical strategists at Citi who have told clients they are buying the Pound while selling the Dollar.

At the time of writing the British Pound is the best performing major currency as the political anxieties that beset the currency at the start of the week fade but strategists at Citi say they are expecting ongoing political angst to weigh on the currency.

Citibank, the world's largest foreign exchange dealer, has updated its foreign exchange forecasts as we move into the mid-year period.

Strategists with Citi - the world's largest dealer of foreign exchange - have confirmed they believe the longer-term outlook for the Dollar remains negative.

The British Pound is looking well supported against the Dollar for now, but should represent a selling opportunity as fundamental niggles re-emerge over coming weeks.

The US Dollar is forecast to weaken in 2018 as a build up in foreign-owned US liabilities; a catching up of the rest of the world with the US and dampened inflation expectations are some of the factors likely to weigh.

The world's largest foreign exchange dealer reckon the Pound-to-Euro exchange rate is pointed lower over the course of 2018.

Fears that the new government will enact policies which will harm the New Zealand Dollar are over exaggerated and the currency is due a recovery in the year ahead, say analysts at Citi.

The Euro will outperform the US Dollar next year, supported by continued economic growth in the Eurozone whilst new US tax reforms and Federal Reserve policy will ultimately disappoint.

The currency markets remain without direction and there is little by way of trends to be found in the short-term.

Trump’s use of a softer Trumpxit rhetoric is likely to support the dollar going forward, with parity now in the cross hairs for some analysts.

The GBP/USD achieved its best rate of exchange in weeks as traders exited their negative bets

USDJPY remains heavy but appears to have found a near term base at the 109.00 figure.

The US dollar is forecast to maintain its advance according to analysts at the world’s largest foreign exchange dealer while others believe the US Federal Reserve is not yet ready to deliver the necessary higher interest rates to sustain a recovery in the USD.

The Australian dollar has certainly gone from hero to zero as May brings an abrupt end to the 2016 rally.

Citibank, the world’s largest currency dealer, believes the major threat to extensive Aussie Dollar appreciation is the Reserve Bank of Australia.

The New Zealand Dollar (Currency:NZD) is forecasted to enjoy further gains against the US Dollar and other cross rates such as the British Pound in coming sessions. However, any gains will have to wait for a resurgent US Dollar on Thursday to fade.