Citigroup’s FX strategy team took the top spot in this year’s Best Bank in FX research and strategy award, ousting last year’s winner Deutsche Bank into second place.

FX research has been growing in importance in recent years as banks battle to differentiate themselves in today’s competitive market. Robert Sinche, global head of FX research at Citibank in New York told FX Week the role of the FX analyst has evolved in recent years.

"I think the role of the analyst has changed because of a

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