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08/03/2020 05:12:01 GMT

US dollar: Downward trajectory to continue – BofA

Dhwani Mehta FXStreet

According to the quantitative models created by Bank of America (BofA), the US dollar weakness here to stay.

Key quotes

“USD downward trajectory will continue.

To continue lower against EUR, JPY, AUD, CAD, NZD and others.

Recent movements in FX options market suggest investors should follow the trend, in our view, not fade it.”

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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