<p>DOLLAR EXPECTED TO SUFFER CONSEQUENCES OF TARIFFS: BOFA  <p></p>U.S. tariffs are more negative for the U.S. economy and for the dollar than for other countries and currencies, Bank of America analysts write. Tariffs create the risk of retaliation and the U.S. &#34;trades more with the rest of the world than the rest of the world trades&#34; with the U.S., they say. Data will determine the fate of the dollar. If U.S. indicators are positive, &#34;we would expect investors to start ignoring the policy noise&#34; and support the greenback. But BofA is bracing for bearish data, as policy uncertainty paralyzes hiring and investment plans and tariffs get higher. Fiscal policy loosening should result in higher borrowing costs, they say.</p>

Bank of America

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Walter Bloomberg