I posted on BoA/ML here:
More,
HSBC, Barclays, Morgan Stanley
- all noting a slightly more bullish USD sentiment
- against back drop of worries over global trade uncertainty
Morgan Stanley:
- USDs "tactical rebound has not yet finished"
Citing
- strong U.S. economy, diverging from the rest of the world
- Fed plan to tighten monetary policy
- Higher short-end Treasury yields
- Repatriation of U.S. corporate earnings
Caution tones centre on:
- the long-term dollar outlook is trending downward
- Credit Agricole - dollar should underperform longer-term, amid a flatter Treasury curve and deteriorating U.S. budget and current account deficits
via Bloomberg
