DOLLAR SEEN OVERVALUED BY RECORD SHARE OF FUND MANAGERS Bank of America’s May global fund manager survey shows rising concern over the U.S.…
DOLLAR SEEN OVERVALUED BY RECORD SHARE OF FUND MANAGERS
Bank of America’s May global fund manager survey shows rising concern over the U.S. dollar’s valuation.
A net 50% of investors now say the dollar is overvalued, up from 41% last month. BofA notes the currency sits about 1.2 standard deviations above its long-term average.
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