Bank of America: The pump of the US dollar is accompanied by the rise of "asymmetric risks"

On January 15, the Golden Ten data, the Bank of America stated that despite the narrowing of the interest rate differential between the US dollar and most other currencies, it still achieved a pump since the Federal Reserve’s December meeting. As market sentiment is one-sided, this may be a “warning” for long positions. “Despite the opposite trend in interest rates, the US dollar still receives support,” Bank of America forex strategists Alex Cohen, Adarsh Sinha, and Janice Xue wrote in a report on Tuesday: “Crowded positions, increasingly consistent forex popularity, and exposure to asymmetric risks.”