You can’t be too bullish King Dollar. So says BofA and I’m inclined to agree. Though I do see two possible short-term risks for this bullish trend.
Russia must surely be realising that it can’t beat Ukraine when the entire Western military-industrial complex stands behind it. It needs a quick win in the Donbass and to declare victory. Then to start building some walls around the joint for its new Cold War.
Second, China is going to rebound out of the Shanghai lockdown soon, though it will be temporary as OMICRON keeps spreading.
