The share of investors who are convinced the dollar will weaken has almost tripled over the past month as the market braces for interest-rate cuts from the U.S. Federal Reserve, according to a Bank of America survey.
Stephen Biggar, director of financial services research at Argus Research, joins BNN Bloomberg to discuss investing strategy for U.S. bank earnings.
About 23 per cent of respondents in the bank’s monthly sentiment poll said their highest conviction trade was to short the dollar, the biggest share so far this year, and up from just eight per cent in July.
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