Bank of America survey shows investors increased their allocation to the US dollar in June

Golden Finance reports that, according to the latest global fund manager survey by Bank of America, as investors bet on the Federal Reserve raising interest rates in the future, they increased their allocation to the U.S. dollar in June. The survey shows that investors currently have a net underweight position in the dollar of 3%, the lowest underweight level since March 2025. A net 34% of investors believe the dollar is overvalued, down from 50% a month earlier. Bank of America said the survey was conducted between June 5 and June 11.
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