BofA: Caution against selling USD on improved China sentiment ...Middle East

Bank of America expresses caution regarding the selling of the USD based on improved sentiment towards China's economic policy stimulus. While recent Chinese policy actions have sparked optimism and contributed to USD weakness, BofA advises against hasty financial moves influenced by these developments.Key Points:Policy Stimulus in China: Recent measures discussed at the April Politburo meeting and subsequent signals of monetary and property easing have led to a more positive outlook for China, influencing global markets and contributing to USD depreciation.Lag in Impact: The effect of China’s import demand on the global economy typically trails its domestic credit impulse by about three-qua

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BofA: Caution against selling USD on improved China sentiment ...Middle East

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