Investors Turn Record Bearish On The Dollar – Is This The Final Flush?

Global investors are more bearish on the U.S. dollar than at any point in at least 14 years, according to a recent survey by Bank of America. The February survey reveals that USD positioning has fallen to the most underweight level in the bank's data set going back to January 2012. In other words, investors are holding less dollar exposure than ever recorded in the survey's history. Dollar’s underweight positioning has now surpassed the previous lows seen during the Trump’s tariff shock in April 2025. D ...