Bullish dollar bets seen fully unwound: Bank of America Merrill Lynch
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A packet of former U.S. President Abraham Lincoln five-dollar bill currency is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron/File Photo
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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