Bank of America: Investors’ Net Underweight Position in the US Dollar Hits Highest Level in 20 Years
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A Bank of America survey shows that investors' net underweight position in the US dollar stands at 31%, the highest level in 20 years, making it the "most extreme view" in Bank of America's June global fund manager survey. The strategist team led by Michael Hartnett stated, "The most painful trade this summer is going long on the US dollar."
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