BOFA STAYS BEARISH ON U.S. DOLLAR DESPITE SHORT-TERM RISKS BofA Global Research maintains its bearish long-term view on the U.S. dollar, even as that stance becomes more mainstream. Analysts warn of short-term upside risks, including strong U.S. economic data, easing trade tensions, and balanced fiscal policy. Still, BofA sees these as temporary, expecting any dollar rallies to be selling opportunities unless major policy or economic shifts occur. Over time, trade tensions and high valuations are expected to weigh on the dollar.