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22.06.2021, 07:42

Staying core bullish USD - BofA

eFXdata reports that Bank of America Global Research discusses its USD outlook through the year-end.

"Although we remain constructive on the USD post-FOMC, we would also urge for caution as we still see too many moving parts. We don’t necessarily expect the USD to rally across the board. This would depend on risk sentiment. Assuming a slow Fed policy normalization, and during a strong global recovery from the pandemic, we would expect risk assets to remain supported, which in turn means high beta currencies should continue doing well. Our main call remains for USD strength during Fed policy normalization, but against currencies of central banks that will not be normalizing monetary policies any time soon, including EUR, CHF and JPY," BofA adds.

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