On Wednesday (May 15th), the Bank of America Merrill Lynch Global Research team discussed the results of the May exchange rate and interest rate sentiment survey.
Bank of America Merrill Lynch said the survey was launched from May 3 to 8, 2019. A total of 66 fund companies participated in the research and response, and the asset management scale totaled $906 billion.
According to the survey, the main performances are:
1. Investors do not expect strong comments from the Fed's policy framework. Most investors simply do not expect the Fed to change its position of not moving.
2. Several respondents believe that the European Bank has no tools to boost inflation. Some respondents believe that inflation performance is beyond the control of the European Bank.
In terms of foreign exchange risk, investors seem to be bullish on the yen and bearish on the New Zealand dollar.
(Article source: FX168)