Investor Sentiment Shifts as More Believe Dollar Is Overvalued

According to ChainCatcher, a recent global fund manager survey conducted by Bank of America reveals an increase in the number of investors who believe the U.S. dollar is overvalued. In December, approximately 53% of investors expressed this sentiment, compared to 45% in November. The survey also indicates that investors are currently underweight on the dollar relative to historical levels. Short positions on the dollar are considered the third most crowded trade.