Fund Managers Turn Bearish on Dollar as Trade Policies Discourage US Investments

Global fund managers have reached their highest level of bearish sentiment towards the U.S. dollar since 2006, according to a recent survey by Bank of America released on Tuesday. This shift in sentiment stems from concerns over U.S. President Donald Trump’s trade policies and a general decline in interest for U.S.-based assets. The report indicates this pessimism is particularly evident ahead of the Geneva conference, with fund managers expressing low confidence in US investments.