The U.S. dollar index hit its highest level since March earlier this month, while its 50-day moving average is showing signs of surpassing its 200-day counterpart.
European stocks to benefit Bank of America's screen captures European companies that would "tend to outperform" when the U.S. dollar index rises.
They also had a "significant and positive slope from regression [against] the U.S. dollar index."
"Over the past five years, Low Risk stocks, Energy and Norway have tended to outperform the most when the DXY index has been rising," she added.
Elsewhere Dutch media house Wolters Kluwer , Italian energy player Tenaris and Finnish telecommunication services provider Nokia also appeared on the screen.
Persons:
BofA's Paulina Strzelinska, Strzelinska, Wolters, — CNBC's Michael Bloom
Organizations:
U.S, Bank of America, The U.S, Bank, Energy, Bank of, Tobacco, Diageo, BP, Bayer, Roche, Wolters Kluwer, Nokia
Locations:
The, Europe, Norway, Novozymes, Denmark, Qiagen, Germany, Switzerland