Word on the Street

BofA on AI impacting the USD, Barclays on EM debt and nuclear, MUFG call for BoJ hike.

Time for a rundown of what’s been going on between the desks this week. We begin with a more unusual piece, examining how the AI boom is shaping (and could further shape) the US dollar.

After that, we turn to Barclays, with two interesting reads. The first relates to the elevated emerging market debt funding requirements for next year, while the second examines the nuclear supercycle and how uranium is expected to play a significant role.

Finally, we look at the change of call from MUFG, which is now looking for a December rate hike from the Bank of Japan.

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BofA Talk AI Impact on USD

Bank of America’s FX strategy team argues that the market is still trying to understand what the AI boom means for the US dollar, and the answer isn’t straightforward.