BofA Survey: Dollar Faces Biggest Bearish Sentiment Since 2006
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BofA Survey: Dollar Faces Biggest Bearish Sentiment Since 2006
According to Jinshi Data, a survey of global fund managers released by Bank of America on Tuesday showed that in May, global fund managers' bearish sentiment toward the U.S. dollar reached its highest level since 2006. This reflects waning investor interest in U.S. assets due to President Trump's chaotic trade policies. Bank of America stated, "Investor sentiment was weak ahead of the Geneva meeting, particularly regarding U.S. assets. Although the May survey indicates slight improvement compared to April, sentiment remains negative, suggesting 'pain trade' may rise slightly." The report noted that fund managers reduced cash holdings from 4.8% to 4.5%, typically seen as a sign of rising confidence. However, their reduction in dollar exposure has reached the highest level since May 2006. Bank of America pointed out that 75% of the data in this survey was collected before the Geneva talks.
Navigating Web3 tides with focused insightsTechFlow news, May 13 — According to Jinshi Data, a global fund manager survey released Tuesday by Bank of America showed that in May, global fund managers’ bearish sentiment toward the U.S. dollar reached its highest level since 2006. This reflects waning investor interest in U.S. assets due to the chaotic trade policies of U.S. President Trump.
Bank of America stated: "Investor sentiment was weak ahead of the Geneva meeting, particularly regarding U.S. assets. Although the May survey shows a slight improvement in market sentiment compared to April, it remains negative, suggesting 'pain trade' may increase slightly."
The report showed that fund managers reduced their cash holdings from 4.8% to 4.5%, typically seen as a signal of growing confidence. However, their reduction in dollar exposure reached the highest level since May 2006. Bank of America noted that 75% of the data in this survey was collected before the Geneva talks.
