Bank of America sees bearish USD trend forming after payroll revisions

Bank of America sees bearish USD trend forming after payroll revisions

Source: EODHD - https://www.investing.com/news/forex-news/bank-of-america-sees-bearish-usd-trend-forming-after-payroll-revisions-93CH-4187521
Published: Aug 13, 2025 5:58 AM

Investing.com - Bank of America reports that a bearish trend for the US dollar is forming again following sharp negative revisions to US payrolls data in early August. The bank’s FX Trend factor has turned bearish for the USD, with option metrics showing downtrend continuation signals against the British pound, Swedish krona, and South African rand. Macro variables have also deteriorated marginally, supporting the bearish dollar thesis. Bank of America found that foreign exchange investors were eager to short the dollar ahead of Tuesday’s US Consumer Price Index release. With CPI data largely matching consensus forecasts and core goods inflation remaining modest, the bank expects bearish USD...

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.