With the US election in November, what is the outlook for the US dollar? Here is their view, courtesy of eFXdata: Bank of America Global Research maintains a bullish bias on the USD, expecting a broad rally to unfold into the November elections. “We expect a USD rally to unfold into the November election and have recommended long exposure against the more cyclical, higher beta parts of the G10 FX spectrum vulnerable to more turbulent market conditions…,” BofA notes. “Our broadly bullish medium-term USD view is predicated on (1) very low current levels of FX risk premium and a USD that has broadly undershot fundamentals in the context of high global uncertainty; (2) bullish calendar and event seasonals; (3) prospects for US data outperformance reflective of diverging US vs RoW virus infection trends; (4) short USD position liquidation potential; and (5) potential further loosening in global central bank monetary policy in response to recent unwanted FX appreciation,” BofA adds. For lots more FX trades from major banks, sign up to eFXplus By signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Daily Look share Read Next GBP/USD: Debate in parliament to leave the pound vulnerable for another fall FX Street 2 years With the US election in November, what is the outlook for the US dollar? Here is their view, courtesy of eFXdata: Bank of America Global Research maintains a bullish bias on the USD, expecting a broad rally to unfold into the November elections. "We expect a USD rally to unfold into the November election and have recommended long exposure against the more cyclical, higher beta parts of the G10 FX spectrum vulnerable to more turbulent market conditions...," BofA notes. "Our broadly bullish medium-term USD view is predicated on (1) very low current levels of FX risk premium and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
