Emerging market currency arbitrage trading reaps the best returns in nearly a decade! Citigroup remains optimistic about the short-term outlook.

According to the Zhitong Finance and Economics APP, this year, the strategy of buying emerging market currencies with US dollars has achieved the most lucrative returns in nearly a decade. Citi Bank stated that this type of trading still has room for further development, at least in the short term. Citigroup's head of emerging markets strategy, Luis Costa, said that the more dovish stance of the Federal Reserve, combined with the cautious attitudes of emerging market central banks, will continue to support the exchange rates of developing countries' currencies against the US dollar.