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Tuesday, 21 March 2017
Bullish dollar bets seen fully unwound: Bank of America Merrill Lynch
EW YORK - Bullish bets on the dollar spurred by Donald Trump's U.S. presidential win and his pledge on tax cuts, deregulation and infrastructure spending last November have faded, a Bank of America Merrill Lynch (NYSE:BAC) analyst said on Tuesday.
"The (dollar) positions accumulated in the build-up and immediate aftermath of the U.S. election look to have been fully unwound," Bank of America Merrill Lynch currency strategist Myria Kyriacou wrote in a note.
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