Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • When is the first day of summer? It’s just around the corner
    • Droughts are major threat to Eurozone economy, warns ECB
    • NEW: House Passes Trump’s “Big, Beautiful” Bill by ONE Vote Despite Two GOP Defections and One Falling Asleep During Vote | The Gateway Pundit
    • New Ukraine talks ‘yet to be agreed’, Kremlin says
    • Palestinian health minister reports 29 ‘starvation-related’ deaths in Gaza | Israel-Palestine conflict News
    • Report: NFL pushed Packers to propose tush push ban
    • Letters to the Editor: When it comes to citizenship, we are simply ‘all part of the human race’
    • Entering a New Era of Modeling and Simulation
    News Study
    Thursday, May 22
    • Home
    • World News
    • Latest News
    • Sports
    • Politics
    • Tech News
    • World Economy
    • More
      • Trending News
      • Entertainment News
      • Travel
    News Study
    Home»World Economy

    Dollar bearishness reaches highest level since 2006, says survey

    Team_NewsStudyBy Team_NewsStudyApril 15, 2025 World Economy No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Keep knowledgeable with free updates

    Merely signal as much as the Currencies myFT Digest — delivered on to your inbox.

    Huge traders are extra bearish in regards to the prospects for the greenback than at any time in practically twenty years, in line with information that underlines the hit to US belongings from Donald Trump’s commerce conflict. 

    A web 61 per cent of respondents to Financial institution of America’s World Fund Supervisor Survey anticipate the greenback to depreciate over the subsequent 12 months, essentially the most since Might 2006.

    The greenback has tumbled 9 per cent this yr towards a basket of main currencies, a fall that accelerated since Donald Trump introduced “reciprocal” tariffs firstly of the month. 

    The report additionally confirmed a document variety of international traders are intending to chop their publicity to US equities, although it didn’t present exact figures. 

    The change in attitudes for the reason that begin of the yr was made clear as bullish bets on the “Magnificent Seven” large US tech shares have been knocked off their prime spot as essentially the most crowded commerce for the primary time in additional than two years, changed by gold, historically a haven in instances of uncertainty. 

    Greater than $5tn was erased from the worth of the blue-chip S&P 500 within the three days after the US president introduced sweeping “liberation day” tariffs on main US buying and selling companions on April 2, triggering fears of a worldwide financial recession.

    However the market rebounded final week when Trump paused many of the reciprocal duties, whilst China was excluded from the reprieve. Shares climbed on Monday after the White Home over the weekend briefly excluded smartphones and different shopper electronics from its steep “reciprocal” tariffs, together with these imposed on China.

    The report confirmed a pointy decline in threat urge for food amongst fund managers. Tolerance for threat reached its lowest level for 2 years and traders prompt they’re choosing safer belongings together with bonds, money and defensive shares resembling healthcare and utilities, on the expense of riskier equities that may be uncovered to an financial downturn.

    The erratic bulletins from the US administration have rocked traders’ religion on this planet’s largest financial system and sparked an exodus of money from the US inventory market, which has lengthy outperformed its European and Asian friends.

    Traders are struggling a “disaster of confidence” within the US, mentioned the worldwide head of money fairness buying and selling at a big European financial institution. 

    “The issue is that three minutes from now we might get a headline [out of the White House] which can go away us comparatively higher or worse than the place we’re proper now. [Investors] don’t need to appear like idiots.”

    Expectations for the worldwide financial system additionally fell to a document low. A web 82 per cent of the respondents anticipate weaker international progress over the subsequent 12 months, marking a collapse in sentiment in contrast with simply two months in the past when respondents have been equally divided over the course of the financial system.  

    The best proportion of respondents since earlier than the worldwide monetary disaster mentioned the outlook for US income was “unfavourable”.

    Traders have been unusually united of their view of the place dangers lie, with 80 per cent of the respondents citing a commerce war-induced recession as the largest threat. 

    The BofA survey was carried out between April 4 and April 10 2025, protecting 164 contributors with $386bn in belongings underneath administration.



    Source link

    Team_NewsStudy
    • Website

    Keep Reading

    Droughts are major threat to Eurozone economy, warns ECB

    Is Trump a threat or an opportunity for the EU?

    British To Seek Political Asylum In USA?

    EU eyes fresh lobster deal as appetiser for Trump

    Asian currencies boosted by investor bets on US trade deals

    Europe has a new economic orthodoxy

    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks

    When is the first day of summer? It’s just around the corner

    May 22, 2025

    Droughts are major threat to Eurozone economy, warns ECB

    May 22, 2025

    NEW: House Passes Trump’s “Big, Beautiful” Bill by ONE Vote Despite Two GOP Defections and One Falling Asleep During Vote | The Gateway Pundit

    May 22, 2025

    New Ukraine talks ‘yet to be agreed’, Kremlin says

    May 22, 2025

    Palestinian health minister reports 29 ‘starvation-related’ deaths in Gaza | Israel-Palestine conflict News

    May 22, 2025
    Categories
    • Entertainment News
    • Latest News
    • Politics
    • Sports
    • Tech News
    • Travel
    • Trending News
    • World Economy
    • World News
    About us

    Welcome to NewsStudy.xyz – your go-to source for comprehensive and up-to-date news coverage from around the globe. Our mission is to provide our readers with insightful, reliable, and engaging content on a wide range of topics, ensuring you stay informed about the world around you.

    Stay updated with the latest happenings from every corner of the globe. From international politics to global crises, we bring you in-depth analysis and factual reporting.

    At NewsStudy.xyz, we are committed to delivering high-quality content that matters to you. Our team of dedicated writers and journalists work tirelessly to ensure that you receive the most accurate and engaging news coverage. Join us in our journey to stay informed, inspired, and connected.

    Editors Picks

    John Mulaney And Olivia Munn Tie The Knot In Private Ceremony

    July 11, 2024

    Beijing’s seizure of disputed South China Sea reef revives tensions with the Philippines

    April 27, 2025

    Christian Baker Jack Phillips Emerges Victorious in 12-Year Court Saga, Says It Strengthened His Faith | The Gateway Pundit

    October 19, 2024

    Kevin de León’s campaign finance shell game gives career politicians a bad name

    August 13, 2024
    Categories
    • Entertainment News
    • Latest News
    • Politics
    • Sports
    • Tech News
    • Travel
    • Trending News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms & Conditions
    • About us
    • Contact us
    Copyright © 2024 Newsstudy.xyz All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.