BofA Survey: Dollar Shorts Covered, Sentiment Bearish

Bank of America survey shows investors have largely covered short positions on the US dollar after the Iran war outbreak.
Despite covering shorts, investors remain bearish on the dollar, citing growth concerns outweighing inflation worries and expecting a dovish Fed.
Survey indicates stronger conviction to take long positions on front‑end rates, but no shift to longer‑duration holdings, implying value in near‑term curves.
Emerging market positioning appears clean, potentially allowing EM assets to benefit from continued geopolitical optimism.