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Bank of America: The strong US dollar is expected to continue for a longer period of time.
June 20th, Jins data: Economists at Bank of America said in a report that as the Fed turned to rate cuts, the pace of rate cuts would be slower than previously expected, and the dollar might remain relatively strong. They expect the euro to close at 1.12 against the dollar this year. Considering the sustained inflation in the United States and the 'mild easing cycle', BofA expects the euro to reach 1.17 against the dollar by the end of 2025, previously forecasted at 1.20. Economists said that relative to market consensus, they still have a more bearish view on the dollar.