American Bank: The Rise of the Dollar Brings Increased "Asymmetric Risk"

BlockBeats News, January 15th, Bank of America stated that despite the narrowing of the spread between the US dollar and most other global currencies, it has continued to rise since the Federal Reserve's December meeting, which could be a "warning signal" for the bulls amid overwhelming market sentiment.

"Despite the opposite trend in spreads, the US dollar continues to find support," Bank of America FX strategists Alex Cohen, Adarsh Sinha, and Janice Xue wrote in a report on Tuesday. "Crowded positions and increasing forex consensus reveal asymmetric risks." (FXStreet)