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Bullish dollar bets seen fully unwound: Bank of America Merrill Lynch

Reuters

NEW YORK (Reuters) - Bullish bets on the dollar spurred by Donald Trump's U.S. presidential win and his pledge on tax cuts, deregulation and infrastructure spending last November have faded, a Bank of America Merrill Lynch analyst said on Tuesday.

"The (dollar) positions accumulated in the build-up and immediate aftermath of the U.S. election look to have been fully unwound," Bank of America Merrill Lynch currency strategist Myria Kyriacou wrote in a note.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

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