Bank of America survey shows 53% of investors believe the US dollar is overvalued

ChainCatcher News, according to Golden Ten Data, the latest global fund manager survey by Bank of America shows that in December, the number of investors who believe the US dollar is overvalued increased, with about 53% of investors considering the dollar overvalued, compared to 45% in the November survey. The survey also indicates that, relative to historical levels, investors are still underweight on the US dollar. Shorting the US dollar is considered the third most crowded trade.