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US Dollar Weakens on Policy Concerns; BofA Recommends Long NZD/USD

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • The US dollar faces downward pressure due to concerns over Treasury yield suppression and Fed policy credibility, prompting BofA to recommend shorting USD and going long on NZD/USD.
  • Gold and CHF are outperforming as investors seek hedges.
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NZDUSD price history

0.58 +0.00% over the displayed period

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