US dollar: Downward trajectory to continue – BofA

FX Street

Updated: 3 Aug. 2020 | 07:12

According to the quantitative models created by Bank of America (BofA), the US dollar weakness here to stay.

Key quotes

“USD downward trajectory will continue.

To continue lower against EUR, JPY, AUD, CAD, NZD and others.

Recent movements in FX options market suggest investors should follow the trend, in our view, not fade it.”

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