From @pawelmorski, here’s a great chart from a BofA/ML survey, showing how wildly bullish folks are on the dollar.
As you can see, the % of investors who think the dollar will rise is at the highest levels of the decade.
Note also the marked shift pre- and post-crisis.
Virtually the entire pre-crisis era, there was a bearish bias to investor opinions. That’s shifted in recent years.
Among the reasons for being optimistic on the dollar: An improving an economy, rising domestic energy (fewer imports) and a general sense that perhaps the Fed is closer to the “exit” among major central banks.
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