according to Bank of America's latest global investor survey, investors' exposure to the US dollar has turned neutral for the first time since the beginning of this year, ending an eight-month bearish trend. "Although this may partly reflect risk constraints before the year-end, the lack of US data may also have played a role," said the Bank of America team including Adarsh Sinha. "Given the fairly balanced pricing for the December FOMC meeting, as data returns, this may lead to increased market volatility."
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