BofA says USD could be supported in H2 from Middle East tensions, a hawkish Fed, AI-related hyperscaler investment

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The UK sells GBP 4.25bln 4.875% 2036 Treasury Gilt: b/c 3.13x (prev. 3.46x), average yield 5.040% (prev. 4.858%), tail 0.1bps (prev. 0.1bps)

France sells EUR 13.999bln vs exp. EUR 12-14bln 2.40% 2029, 1.50% 2031, 3.25% 2032 and 3.50% 2033 OAT

BofA says USD could be supported in H2 from Middle East tensions, a hawkish Fed, AI-related hyperscaler investment

Atlas Copco (ATCOA SS) - Q2 2026 (SEK): Revenue 45bln (exp. 44bln), Order intake 50.95bln (exp. 45.08bln)

Italian Balance of Trade (May) 4.793B vs. Exp. 4.2B (Prev. 4.293B)

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  • The bank writes that higher oil prices, possible Fed rate rises, sustained US capital inflows and AI-driven inflation could strengthen the currency, despite soft June CPI and technology-sector volatility
  • BofA has previously forecast 75bps of Fed hikes in 2026

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