BANK OF AMERICA POINTS TO CROWDED LONG USD POSITIONS, MONITORS GLOBAL INFLATION CONCERNS
Bank of America analysts say too many people are buying U.S. dollars, which is now hurting the currency.
This matches their recent reports showing a big difference between current market behavior and past trends.
Investors are worried about inflation rising again, especially in 2025.
Inflation concerns are stronger in Europe, making people more cautious.