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Record number of asset managers bank on strong dollar

From cnbc.com

Fund managers are more bullish on the dollar than ever before, with a record number expecting the greenback to strengthen in the next 12 months, according to a new survey. A monthly poll from Bank of America Merrill Lynch showed that a net 83 percent of fund managers worldwide expect the dollar to appreciate in the next 12 months. This is a new record, breaking a previous record set in March when 72 percent of respondents forecast the dollar would rise over the following year. In addition, BofA noted that equity investors were long in July on strong-dollar plays, such as U.S. and Japanese stocks, and short on ... (full story)

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