Dollar Bears Dominate at FX-Market Forum
- Shifting central-bank policies seen driving greenback lower
- Shorting dollar is the second most-crowded trade: BofA
This article is for subscribers only.
Sell the dollar. That’s the message from almost all the money managers and strategists who spoke at TradeTech FX, a gathering of more than 500 currency-market participants in Miami this week.
They’re not alone. Shorting the dollar is the second-most crowded trade, while bullish bets are the most painful, according to fund managers surveyed by Bank of America Corp.