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Bank of America: Dollar's Rise Comes with Rising “Asymmetric Risks”

Bank of America: Dollar's Rise Comes with Rising “Asymmetric Risks”

Bitget2025/01/14 21:47

The dollar has risen since the Federal Reserve's December meeting despite narrowing spreads between it and most other currencies around the world, Bank of America said, in what could be a “wake-up call” for bulls at a time of lopsided market sentiment. “Despite the opposite spread movements, the dollar remains supported,” Alex Cohen, Adarsh Sinha and Janice Xue, foreign exchange strategists at Bank of America, wrote in a report on Tuesday: ”Crowded positions and growing convergence in FX popularity expose asymmetric risk. ”

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