What is the outlook for USD through year-end? Here is their view, courtesy of eFXdata: Bank of America Global Research discusses the USD outlook and maintains a core bullish view through year-end. “The end-game we still see is a much stronger US recovery that will eventually support the USD, particularly against the EUR, where the recovery is much slower. The US is following the loosest fiscal and monetary policies ever. The US general government structural balance is at the highest deficit in recent decades. The Fed balance sheet is the largest ever. The Fed monetary policy stance according to a simple Taylor rule is extremely accommodative. If macro policies matter and all this spending is not going to waste, the US economy has to perform strongly,” BofA notes. “Some of these policies may keep the USD weak for now, but we believe that eventually the USD will have to reflect the relative strength of the US economy,” BofA adds. For lots more FX trades from major banks, sign up to eFXplusBy 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 EUR/USD to extend its advance towards the 1.2240 mark FX Street 1 year What is the outlook for USD through year-end? Here is their view, courtesy of eFXdata: Bank of America Global Research discusses the USD outlook and maintains a core bullish view through year-end. "The end-game we still see is a much stronger US recovery that will eventually support the USD, particularly against the EUR, where the recovery is much slower. The US is following the loosest fiscal and monetary policies ever. The US general government structural balance is at the highest deficit in recent decades. The Fed balance sheet is the largest ever. The Fed monetary policy stance according to a… 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.
