Bank of America survey: Investors' dollar exposure hits 19-year low

Odaily News Bank of America's latest survey of global fund managers shows that investors' exposure to the dollar fell to a 19-year low in May. About 17% of investors are currently reducing their holdings of the dollar, the highest level since May 2006. The May survey also showed that 40% of investors want to increase protection against a depreciating dollar. The proportion of investors who believe that the dollar is overvalued is 57%, down 12 percentage points from the April survey, the largest monthly drop since September 2023. (Jinshi)