[Citibank: U.S. Treasury's Expansion of Long-Term Bond Buybacks May Weaken the Dollar, Favoring Gold and Emerging Market Currencies] Odaily Planet Daily News - Citibank strategists stated that after the U.S. Treasury expanded the scale of long-term bond buybacks, the upward pressure on long-term Treasury yields has eased, but the short-term cost may be a weaker dollar. Citibank believes that stabilizing the bond market by lowering long-term borrowing costs could further pressure the dollar. Therefore, they recommend investors close long dollar positions and use the dollar as a funding currency to purchase higher-yielding emerging market currencies. At the same time, Citibank has upgraded its outlook on gold and duration assets, suggesting that as pressure on the long end of the yield curve is controlled, gold still has room to rise. They have also reversed their previous underweight stance on duration assets. Additionally, Citibank predicts that the Federal Reserve will not raise interest rates in its next two meetings.