BofA extended its bullish USD view and forecasts into Q3 2026, staying short EUR/USD on its base case of three Fed rate hikes this year, and revised its year-end 2026 EUR/USD forecast down to 1.15 (prev. 1.20)
- BofA in its mid-year FX review, says it is no longer bearish JPY, preferring short CHF/JPY
- It also recommended long GBP/USD volatility into US midterm elections, alongside AUD/CHF and selective USD carry exposure.
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