USD's resilience to persist – BofA

The US Dollar Index (DXY) has risen over 3% from its mid-July 2023 lows. Economists at the Bank of America expect the USD to remain resilient.

US's superior economic performance

The US economy appears to be outpacing other major global economies. This outperformance is widening the gap in growth rates, which can act as a pillar of strength for the USD.

US interest rates, both nominal and real, are rising or expected to rise faster than their counterparts in other countries, potentially attracting more capital inflows.