Reported about 15 hours ago
According to Bank of America's global fund manager survey, asset managers are currently holding their largest underweight position in the US dollar in 19 years, primarily due to the impact of President Trump's trade policy on investor confidence. The survey indicated a slight improvement in sentiment following a temporary trade truce between the US and China, with a reduction in cash levels among fund managers, though concerns about a potential economic downturn remain.
Source: YAHOO