Wall Street institutions turn to bullish on the US dollar, with long positions rising to $29.4 billion

Driven by the hawkish stance of Federal Reserve Chairman Kevin Walsh and the return of AI capital, long positions in the US dollar have risen to $29.4 billion. Bank of America has lowered its year-end target for the euro against the US dollar from 1.20 to 1.15, and expects the Federal Reserve to raise interest rates three times this year. Yingshiman Group expects that there is still about 5% upward potential for the US dollar by the end of the year. Goldman Sachs predicts that currencies of Asian oil importing countries such as the Thai baht and Philippine peso will come under pressure.