‘Made in the U.S.A.’ should boost the dollar, says B. of. A.’s Woo

From marketwatch.com

U.S. consumers are spending more money on domestic goods and services at the cost of imports, and this trend will likely boost the dollar in the medium term, according to a B. of A. Merrill Lynch Global Research report. Real import growth has declined to less than 1% in the first half of 2013 from 11% in the first half of 2010, wrote David Woo, head of global rates and currencies research at Bank of America Merrill Lynch. At the same time, employment growth jumped to 1.6% from -1.7%. The divergence in directions of the two growth figures is “unusual,” since an upturn in the business cycle would typically increase ... (full story)