#MarketSentimentToday

According to Odaily, a recent survey by Bank of America reveals that the proportion of investors expecting a weaker dollar has nearly doubled over the past month as the market braces for potential Federal Reserve rate cuts. The bank's monthly sentiment survey indicates that approximately 23% of respondents are most confident in shorting the dollar, marking the highest percentage this year, up from 8% in July. While the dollar has outperformed most G10 currencies this year, its upward trend has faltered in the past month due to data suggesting a slowdown in the U.S. economy, leading traders to bet on significant rate cuts by the Federal Reserve.