fbpx
5.5 C
London
Monday, November 30, 2020

Sample Page Title

What’s the election trade?

What's the election trade?

Bank of America Global Research maintains a bullish bias on the USD, expecting a broad rally to unfold into the November elections.

- Advertisement -

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 bank trade ideas, check out eFX Plus

- Advertisement -

For bank trade ideas, check out eFX Plus

- Advertisement -

Follow Us

16,985FansLike
4,865FollowersFollow
1,643FollowersFollow

Latest news