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Felicia Tan
in
Forex
June 30 13:31

Bank of America explained why we should wait for the US dollar to strengthen

The dollar is expected to rise as a result of the second wave of the coronavirus pandemic.
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The dollar in the coming months is likely to fully recoup the recent decline amid a serious global recession, U.S. economic growth and renewed demand for assets-safety shelters, analysts from the Bank of America said again on Monday.
According to them, a key driver of the dollar's weakness in recent times has been the strong growth of global risk-sensitive assets and US equities.
The dollar index is falling by 0.3% to 97.1540 on Monday.