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Nov 12 - 10:55 AM

USD: The Heat Is On; Higher Inflation USD-Supportive As Long As Fed Reacts - BofA

By eFXdata  —  Nov 12 - 09:30 AM

Bank of America Global Research maintains a bullish USD bias into year-end.

• US core inflation surging on both an absolute & relative basis vs. G10 peers...Pressure on the Fed likely to increase; we expect a more aggressive rate path priced," BofA notes. 

"Continued support from rising interest rate differentials to remain a medium-term USD tailwind, likely gaining in strength," BofA adds. 

Source:
BofA Global Research

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