BofA sees dollar weakness continuing with New Zealand dollar gains
Investing.com -- Bank of America analysts said the US dollar downtrend has gained momentum, with multiple technical and fundamental indicators pointing to further weakness. The bank’s quantitative signals support the continuation of the dollar’s decline.
Reported by 1 outlet — Investing.com · Stock Market. See all sources ↓
Investing.com -- Bank of America analysts said the US dollar downtrend has gained momentum, with multiple technical and fundamental indicators pointing to further weakness. The bank’s quantitative signals support the continuation of the dollar’s decline. Option flows favored dollar puts across several major currency pairs last week, while skew moved in favor of dollar downside across both developed and emerging markets. Trend signals remain negative, with at least one bearish dollar signal triggered in six of the nine currency pairs in the bank’s technical matrix.
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- Investing.com -- Bank of America analysts said the US dollar downtrend has gained momentum, with multiple technical and fundamental indicators pointing to further weakness. The bank’s quantitative signals support the continuation of the dollar’s decline.
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- 1 outlet, average source rating 6.0/10.
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- 17m ago.
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BofA sees dollar weakness continuing with New Zealand dollar gains
Sources1TypeCoverageInvesting.com · Stock Market