Citigroup is reported to disband its foreign exchange strategy team and cut some analyst positions.

[Citigroup is reported to dismiss the foreign exchange strategy team and cut some analyst positions]. According to people familiar with the matter, Citigroup has disbanded its global team responsible for foreign exchange market review and analysis. All positions on CitiFX's global foreign exchange strategy team have been affected, although some may continue to work with Citigroup in other capacities, said one person who spoke on condition of anonymity. A Citigroup spokesman declined to comment. (Bloomberg)