Bank of America

Bank of America projects yen rising 6% after rare U.S.-Japan intervention

Bank of America has sharply lowered its year-end dollar/yen forecast to 149 from 152, projecting the Japanese currency will strengthen roughly 6% from current levels near 158, following the first coordinated U.S.-Japan yen-buying intervention in over a decade.

BofA sees yen jumping 6% after US-Japan intervention

The United States and Japan last week carried out a rare coordinated intervention in currency markets to arrest the yen's slide to 40-year lows, a move that has reshaped expectations across Asian foreign exchange markets and drawn in South Korea…

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BofA warns oil volatility may force central banks to hike

Bank of America has warned that persistent oil price volatility driven by global shipping disruptions and geopolitical friction risks entrenching core inflation, potentially forcing central banks to abandon their conventional "look-through" approach to energy price shocks. The warning, published on…

EM equity funds post second-largest weekly inflow on record

Global emerging market funds have attracted billions in fresh capital over the past two weeks, reversing a prolonged streak of outflows as investors moved to buy the recent correction in developing-world equities.

Global bond yields hit highest since 2008 amid oil surge past $100

Long-dated government bond yields around the world have climbed to their highest levels since the 2008 financial crisis, driven by a surge in oil prices past $100 a barrel after escalating military conflict in the Middle East reignited inflation fears…

BofA survey finds global investors most bullish since February

Bank of America's July Global Fund Manager Survey, released Tuesday, shows investor sentiment has climbed to its highest level since February, as fund managers embrace risk assets amid growing confidence in the macroeconomic outlook.

World Cup forecast to generate $45B global GDP boost

The 2026 FIFA World Cup, now underway across North America, is projected to deliver a $45 billion boost to global GDP, according to Bank of America analysts, dwarfing the economic footprint of Taylor Swift's record-breaking Eras Tour.