Bank of America analysts warn of ongoing pressures on the dollar due to trade policies and high debt levels, suggesting potential gains for gold and Bitcoin.
Bank of America has indicated that the U.S. dollar may face significant challenges this summer, having already fallen nearly 9% to 99.74. The analysts expect continued weakness driven by trade tariffs and high debt levels, which could favor dollar-denominated assets like gold and Bitcoin. They noted that policy uncertainty and rising inflation expectations are contributing to a negative market response, suggesting a potential economic slowdown ahead.