From Bank of America Merrill Lynch
argues Bank of America Merrill Lynch.
The USD rally is not over yet,
"The US data has been very strong, particularly when taking into account the advanced stage of the recovery. Both headline and core US inflation rates are above 2 percent. The Fed is shifting gears, from being concerned about tightening too fast, to avoiding staying too far behind the curve. Strong data, in the US and the rest of the world, and strong global risk sentiment justify the Fed policy shift," BofAML adds.
