Bank of America survey shows investors increased their allocation to USD in June
According to a report by Jinse Finance, based on the latest Bank of America global fund manager survey, investors increased their allocation to the US dollar in June as they bet on future interest rate hikes by the Federal Reserve. The survey shows that the current net underweight position on the US dollar among investors is 3%, the lowest level of underweighting since March 2025. A net 34% of investors believe the US dollar is overvalued, down from 50% a month earlier. Bank of America stated that the survey was conducted between June 5 and June 11.
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