February 16, 2025 at 10:36PM
Bank of America’s latest survey re sentiment on FX and rate markets:
USD expected to hit its 2025 peak this quarter
Reflecting increased concerns around
US economic growth slowdown
Doubts over US “exceptionalism” persisting
“More investors now simply lack conviction for the rest of the year”
High USD dollar valuation
Rate differentials moving narrower in favour of other FX
Long USD positions the most crowded trade
This article was written by Eamonn Sheridan at www.forexlive.com.
BoA survey shows the US dollar is expected to top out in Q1 2025