Bank of America Warns US Dollar Is Summer's Biggest Pain Trade
A new US dollar warning from Bank of America has professional investors scrambling right now, and the reasoning behind it is actually quite compelling. The Bank of America fund manager survey shows fund managers are currently the most underweight the dollar since January 2005, with analysts declaring it the “biggest summer pain trade” as global recession risks ease and dollar summer pain trade positioning reaches some pretty extreme levels. Also Read: Bank of America Warns Dollar May Collapse After 10.8% Plunge Why Bank Of America’s Dollar Warning Signals Global Risk Shift Source: Freepik The June 2025 Bank of America fund manager survey reveals what’s actually a dramatic shift in institutional sentiment right now. Fund managers controlling £523bn in assets are abandoning the dollar at unprecedented levels, and this US dollar warning reflects broader concerns about America’s fiscal position along with the international equities outlook that’s been imp...