Functional Brands closes $8 million private placement and completes Nasdaq listing
Investing.com - The U.S. dollar experienced its strongest investor demand since June 2024 over the past month, according to data released by Bank of America.
The surge in dollar demand was primarily driven by Asset Managers, who recorded their largest buying activity since July, particularly against emerging market currencies. This buying activity occurred mainly during the previous week, contributing significantly to the overall monthly trend.
Despite the recent buying spree, Asset Managers still maintain a net short position on the dollar, though Bank of America estimates this position is currently very light. The financial institution tracks these positioning trends as part of its regular market analysis.
In contrast to the dollar’s strength, the euro faced continued supply pressure, primarily driven by corporate activities. October saw broad euro supply including in options markets, suggesting cooling sentiment toward the European currency.
Emerging market currencies experienced negative flows across all regions, with notable selling pressure on the Singapore dollar, South African rand, Brazilian real, and to a lesser extent, the Mexican peso. These currency movements reflect shifting investor preferences in the current market environment.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.