Bank of America: Data "flood" will hit after the end of the US government shutdown, and the volatility of the US dollar will rise.
According to Zhitong Finance and Economics APP, Bank of America stated that with the end of the record-long U.S. government shutdown and the resumption of economic data releases, the data accumulated during the 43-day shutdown will be released in the next three weeks, causing a one-time spike in volatility in the foreign exchange market. Bank of America strategists Adarsh Sinha and Janice Xue stated in a report on Thursday that the sensitivity of the U.S. dollar to global interest rates has risen to the highest level since the first quarter of this year, citing the relationship between the ICE U.S. dollar index and the yield spread of two-year U.S. bonds.
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