Tax bill to bring the dollars home

Tony Norfield, global head of FX research at the bank in London, estimates that between $100 and $200 billion would flow back to the US as a result of the Homeland Investment Act, which is currently passing through Congress.

The bill allows US companies with foreign branches to repatriate earnings held overseas at a tax rate of 5.25%, instead of the current rate of 35%.

ABN Amro's model measures the sensitivity of the Federal Reserve's broad nominal trade-weighted index (TWI) to various type