BofA predicts a significant weakening of the dollar
December 6, 2018 11:21 amVideo
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Experts of Bank of America (BofA) believe that next year the dollar may become noticeably cheaper against the euro and the yen.
“After the interest rate of the Fed reaches 3.5%, cash will become a more profitable asset than securities,” representatives of the financial institute said.
“It is expected that by the end of 2019, investments in stocks and bonds will bring moderate profits, credit spreads will expand, and the yield curve of US government bonds will become flatter or its inversion will occur,” they added.
According to experts, one of the central themes next year will be the unprecedented divergence of the monetary policy of the Fed and other global central banks, under which the American regulator will raise the key rate to 3.25-3.50%.
It is assumed that the ability of the US economy to ignore the problems of Europe and China will also have a significant impact on the market.
The material has been provided by InstaForex Company – www.instaforex.com
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