Accessible version BofA investors continued to sell the USD last week (Exhibit 7), this time primarily vs. AUD and Asia EM, also amid improved sentiment following the US-China talks. In the past month BofA investors sold USD, JPY, and SEK vs. EMEA EM, CHF, and EUR (Exhibit 1). We continue to see ample space for the USD sell-off to continue, particularly among Real Money investors. It will also be key whether Officials continue rebalancing into USD at the same (rather strong) pace. Exhibit 1: In the past mon ...