Bank of America: An investigation shows the US dollar and the British pound are overvalued, while the euro is undervalued

Golden Finance reported that on July 15, Bank of America’s July global fund manager survey in the U.S. showed that investors continue to believe the valuations of the U.S. dollar and the British pound are overvalued, but now believe the euro is undervalued. Net 34% of investors said the dollar is overvalued, unchanged from last month’s survey; net 12% said the pound is overvalued, down from 15% last month; net 10% said the euro is undervalued, while that proportion was neutral in the previous month. (Jin10)
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