Bullish dollar bets seen fully unwound: Bank of America Merrill Lynch

Bullish bets on the dollar spurred by Donald Trump's U.S. presidential win and his pledge on tax cuts, deregulation and infrastructure spending last November have faded, a Bank of America Merrill Lynch (NYSE:BAC) analyst said on Tuesday. "The (dollar) positions accumulated in the build-up and immediate aftermath of the U.S. election look to have been fully unwound," Bank of America Merrill Lynch currency strategist Myria Kyriacou wrote in a note.