1240 GMT - International investors are reducing their dollar exposure due to a variety of concerns, which include fears about the U.S. fiscal outlook, Bank of America's forex and rates sentiment survey for May shows. Sell the dollar has emerged as "the highest conviction trade for the first time in 2025," exceeding the conviction to buy government bonds, BofA says. The euro is likely to be the greatest beneficiary from the reduced demand for the dollar, BofA strategists say in a note. The euro strengthens 0.2% versus the dollar to last trade at $1.1254, although it trades well below the April 21 peak of $1.1574. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
May 09, 2025 08:40 ET (12:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。