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Great Graphic: FX Views

This Great Graphic was posted on the Financial Times and it comes from Bank of America.   It is based on the banks' survey of some 238 investors with $643 bln under management. The survey was conducted between July 5 and July 11.

The blue line shows the percentage of the survey who expect the dollar to appreciate the most.  At 83% it is the highest survey has recorded.  About 20% expect the euro to decline the most (solid black line), while nearly 80% expect  the yen to decline the most.    

The FT reports on other aspects of the BoA survey.  A little more than a third of the survey expect the Chinese economy to strengthen.  This is about half the number seen at the end of last year.  The survey found 52% were overweight equities up from 48% in June.  At 55% overweight bonds is the lowest in two years.  

Lastly, within the equity space, tech and pharma are preferred, while, utilities, materials and telecom was like the least. 


Great Graphic: FX Views Great Graphic:  FX Views Reviewed by Marc Chandler on July 17, 2013 Rating: 5
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