eFXdata reports that analysts at Citi discuss the current market conditions and the USD outlook. 

"We think that the latest risk-off episode has probably mostly run its course, as we expect 1) the impact of the Delta variant on markets to be limited, 2) the global recovery to remain in place, and 3) central bank policy to be data-dependent and able to pivot if needed, but of course some risks remain."

"CitiFX Strategy continues to believe that the path of least resistance remains for a lower USD; however, that path will be tested by plenty in the week ahead by way of central bank events and top-tier data."