Bank of America's May foreign exchange and interest rate sentiment survey showed that international investors are reducing their exposure to the US dollar due to various concerns, including concerns about the US fiscal outlook. Bank of America said that selling the US dollar has become “the most confident transaction that first appeared in 2025,” and its confidence level exceeds that of buying government bonds. Bank of America strategy analysts said in a report that the euro may be the biggest beneficiary due to reduced demand for the US dollar. EUR/USD rose 0.2% to the latest report of $1.1254, but the exchange rate is still far below the peak of $1.1574 on April 21.

Bank of America's May foreign exchange and interest rate sentiment survey showed that international investors are reducing their exposure to the US dollar due to various concerns, including concerns about the US fiscal outlook. Bank of America said that selling the US dollar has become “the most confident transaction that first appeared in 2025,” and its confidence level exceeds that of buying government bonds. Bank of America strategy analysts said in a report that the euro may be the biggest beneficiary due to reduced demand for the US dollar. EUR/USD rose 0.2% to the latest report of $1.1254, but the exchange rate is still far below the peak of $1.1574 on April 21.