Bank of America economists said in a report that as the Federal Reserve shifts to rate cuts, but at a slower pace than previously expected, the dollar may remain relatively strong. They expect the euro to the dollar to close at 1.12 this year. Considering the sustained inflation in the United States and the 'mild easing cycle', Bank of America predicts that the euro to the dollar will reach 1.17 by the end of 2025, previously predicted as 1.20. Economists said that relative to the market consensus, they still hold a more bearish view on the dollar.
美银：美元强势预计将持续更长时间
Bank of America: The strong dollar is expected to persist for a longer period of time.
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