Bank of America: Global investors reduce dollar exposure, partly due to concerns over fiscal outlook

TechFlow, May 9 — According to Jinshi Data, Bank of America's May foreign exchange and interest rate sentiment survey shows that international investors are reducing their dollar exposure due to various concerns, including worries about the U.S. fiscal outlook. Bank of America stated that selling the dollar has become "the most compelling trade since 2025," surpassing the appeal of buying government bonds. In a report, BofA strategists said the euro could be the biggest beneficiary of reduced dollar demand.