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Category: BofA

  • BofA sees further dollar depreciation, expects G10 FX to stay in range By Investing.com

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    Investor Empires

    Bank of America (BofA) analysts on Monday provided insights into the current state of the G10 foreign exchange (FX) markets, citing a general feeling of disappointment among investors over the lack of market volatility. Despite the recent reversal in the US Dollar (USD), the major currency pairs did not move…

  • BofA sees potential for further USD selling by CTAs By Investing.com

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    Investor Empires

    Bank of America (BofA) on Monday provided insight into potential actions for commodity trading advisors (CTAs) next week. According to Bank of America, CTAs may continue to sell the US dollar (USD) against most currencies following the trend that emerged after the Consumer Price Index (CPI) report led to dollar…

  • BofA Bullish on INR Ahead of Elections; Advises Caution on USDINR Options By Investing.com

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    Investor Empires

    Bank of America’s latest analysis points to a bullish outlook for the Indian Rupee (INR) as the country heads into the elections. The fundamental outlook appears strong, supported by improvement in the current account and clear debt capital flows. This optimism is reflected in Indian rupee long positions and carry…

  • BofA expects Apple ‘to be a net beneficiary of AI at the edge’ By Investing.com

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    bitlyfool

    OpenAI, the maker of ChatGPT, held a “Spring Update” event on Monday, where it announced a new desktop app, updated web UI, and the launch of its most advanced model, GPT-4o. The demo showed how high-end devices, ranging from Macs and iPhones, can benefit from AI. By integrating voice, text…