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Bank of America Survey Shows 53% of Investors Believe US Dollar is Overvalued
Summary: According to a report by FXStreet, a Bank of America survey of global fund managers in December revealed that the number of investors who believe the US dollar is overvalued has increased, with approximately 53% of investors holding this view, compared to 45% in November. The survey also indicates that investors are currently underweight the ...
According to a report by FXStreet, a Bank of America survey of global fund managers in December revealed that the number of investors who believe the US dollar is overvalued has increased, with approximately 53% of investors holding this view, compared to 45% in November. The survey also indicates that investors are currently underweight the US dollar compared to historical levels. Shorting the US dollar is considered the third most crowded trade.
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Link: Bank of America Survey Shows 53% of Investors Believe US Dollar is Overvalued [Copy]
