According to Bank of America’s February FX and rates survey, dollar short positions are at their highest since January 2012, marking the most bearish sentiment in over a decade.
Bank of America’s latest FX and rates sentiment survey indicates that February’s market positioning towards the US dollar is at its most negative in 14 years. Short positions in the dollar have climbed to their highest level since January 2012, signaling a marked increase in bearish sentiment among investors. This shift reflects a significant move away from the US dollar in global currency markets.