BofA Fund Manager Survey: Fund Managers most underweight US Dollars since 2006 ...Middle East

Fund Managers most underweight US Dollars since 2006.US-China trade war ceasefire prevents recession/credit event.Prior to US-China talks in Geneva, fund managers saw US tariffs on China goods at 37%.61% of fund managers see soft landing for the economy versus 37% in April.26% see hard landing, down from 49% in April.

We can see here that the "short US Dollar trade" has been (and I think it's still is) a pretty overcrowded trade. I can see some more upside for the greenback in the next weeks but we might need strong economic data to make the market to price in an even less dovish path for interest rates.

Maybe an upside surprise in today's US CPI report might do it.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

Read More Details
Finally We wish PressBee provided you with enough information of ( BofA Fund Manager Survey: Fund Managers most underweight US Dollars since 2006 )

Also on site :

Celtics' Jayson Tatum Exits Game 4 vs Knicks With Concerning Non-Contact Injury
UnitedHealth Group CEO steps down; suspends 2025 outlook on higher-than-expected medical costs
Fran Drescher Reunites With 'Nanny' Mom Renée Taylor, 92, in New Pic

BofA Fund Manager Survey: Fund Managers most underweight US Dollars since 2006 ...Middle East

Watching history made — again — in Rome

Alex Bregman said it was ‘not a diss of Detroit’ that he signed with Red Sox instead of Tigers

Indian junior women's hockey team to play Four Nations Tournament in Rosario

Marvel 1943: Rise of Hydra release date pushed to early 2026 for polishing

Kennedy Ryan and the Fight to Make Romance Black

ISM® Appoints Susan Spence as Chair of ISM Manufacturing PMI® Business Survey Committee

Iran open to enrichment limits if US lifts sanctions

April consumer price index report shows inflation dropped to slowest pace since 2021

Peter Sullivan ‘not angry’ as murder conviction quashed after 38 years in prison

Chilling video shows car engulfed in flames outside Sir Keir Starmer’s house

The Opener: Cubs, Cardinals, Twins

Dudley man, 35, charged with driving offences after M6 brought to a standstill

Former Yankees Pitcher Traded Away for Juan Soto Has Season-Ending Elbow Surgery

Inflation Cooled Again Last Month as Grocery, Gas Prices Fell

Tom Lee's Fundstrat Granny Shots ETF (GRNY) Surpasses $1 Billion in AUM Six Months After Launch