AP, June 16-Bank of America's foreign exchange and interest rate strategists have updated their forecasts and now expect the dollar to strengthen moderately against other Gmur10 currencies in the second half of this year, and raised their forecasts for US Treasury yields as central banks around the world continue to cope with inflationary pressures. "while we still believe that the dollar is overvalued in the long run, the US economy is strong and the fight against inflation is likely to remain positive for the dollar," Bank of America's foreign exchange strategists wrote in a note to clients. " On Treasuries, another group of Bank of America analysts wrote: "short-term bond yields are expected to rise and the curve will level out in the short term." It will take longer for the US macro economy to slow, interest rates to fall and the curve to steepen. "