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Bank of America says the recent USD selling may be an over reaction

This is via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here. -BofA Merrill Lynch Global Research has weighed in on the recent USD sell-off, suggesting that the markets may be prematurely pricing in an early Fed rate cut. The bank maintains that core US inflation remains too high and the labor market too tight for a sustained drop in inflation, questioning the feasibili... Read More

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Posted: Jul 16 2023, 23:31

Author Name: forexlive

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