Bank of America stated that investor sentiment toward the dollar has turned neutral for the first time since the first quarter.

According to Bank of America's latest global investor survey, investors' exposure to the US dollar has turned neutral for the first time since the beginning of the year, ending an eight-month period of bearish sentiment. "While this may partly reflect risk constraints ahead of year-end, the lack of US data may also have played a role," said the Bank of America team, including Adarsh Sinha. "Given that pricing in the December FOMC meeting has been fairly balanced, this could lead to increased market volatility as the data returns."