Citigroup Inc. is expanding its foreign-exchange business into hedge funds and private-equity clients as global trading activity increases, according to FX trading head Flavio Figueiredo. The bank aims to deepen its presence in segments where penetration is currently low while maintaining strength in corporate and real-money flows, and plans to increase its FX sales and trading workforce by 4%–5% this year. Figueiredo said U.S. dollar positioning is broadly neutral, with expectations that invest

Citigroup Inc. is expanding its foreign-exchange business into hedge funds and private-equity clients as global trading activity increases, according to FX trading head Flavio Figueiredo. The bank aims to deepen its presence in segments where penetration is currently low while maintaining strength in corporate and real-money flows, and plans to increase its FX sales and trading workforce by 4%–5% this year. Figueiredo said U.S. dollar positioning is broadly neutral, with expectations that investors may resume selling the dollar once the US-Iran war stabilizes, while carry trades remain active and could support demand for higher-yielding emerging-market currencies such as the Brazilian real, Mexican peso, South African rand, and Colombian peso.