Dollar Bulls Are Throwing in the Towel as Trump Wagers Evaporate
- Dollar positioning is now "broadly neutral," BofA data show
- Any dollar upside seen hinging on fiscal stimulus measures
Here's What's Driving Rising Bonds, Declining Dollar
This article is for subscribers only.
Four months after the dawn of the Trump trade, currency investors worldwide are capitulating.
That’s the signal from Bank of America Corp.’s flow data, which blends positioning and sentiment surveys conducted with its hedge fund and real-money clients, and publicly available futures data. The bank’s takeaway is that bullish dollar positions put on after the election have completely disappeared.