Bank of America survey: Investors' US dollar exposure hits 19 year low

Odaily Planet Daily News: Bank of America's latest survey of global fund managers shows that investors' exposure to the US dollar fell to a 19 year low in May. Currently, about 17% of investors are reducing their holdings of US dollars, the highest level since May 2006. The May survey also showed that 40% of investors hope to increase protection against the depreciation of the US dollar. The proportion of investors who believe that the US dollar is overvalued is 57%, a decrease of 12 percentage points from the April survey and the largest monthly decline since September 2023. (Golden Ten)