Citigroup Facing $7 Billion Currency Hit on Dollar, Peabody Says

http://www.bloomberg.com/news/2013-...lion-currency-hit-on-dollar-peabody-says.html

 

$7 billion is a decent hit to Citigroup if this comes true. However, from the article it says that last time he projected $3-$5 billion and they had a $1.6 billion loss instead. So we’ll see… Could be time to think about going short on C.

 

don't you love traders? lol
Possible bad news and the vautours are circling.
I will join in.