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- Major US fiscal policy stimulus another USD positive m-term - BofA
Major US fiscal policy stimulus another USD positive m-term - BofA
eFXdata reports that Bank of America Global Research discussing USD prospects.
"Major US fiscal policy stimulus is another plus for the USD. In addition to the $900bn that the last administration agreed during the holidays, the Biden administration is now proposing $1.9tn, with even more later in the year for infrastructure. Even if the plan weakens during the negotiations, the starting point is substantial. It would bring total fiscal stimulus in the US to about 15% of GDP, equal to fiscal stimulus last year and three times more than the EU Recovery Fund," BofA notes.
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