Bank Of America Bullish On U.S. Dollar For 2017

Analysts at Bank of America Merrill Lynch express bullish views on the U.S. dollar for the year, though they anticipate that a correction to the USD rally will present a buying opportunity early this year. Athanasios Vamvakidis and Arko Sen also said in their January 11 research piece titled “2017: the 51 weeks ahead” that they believe if the ratings agencies affirm their ratings on January 13, the Polish zloty will be well-positioned for recovery.

U.S. and Europe could witness tail risks

Tracing the market volatility over the past year, Vamvakidis and Sen point out that about a year ago, the markets were panicking about deflation, following the oil prices and the RMB’s devaluation. However, in their recent report, they explain...