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ICYMI: PIMCO CIO says is underweight the US dollar vs. other G10 and EM

ICYMI: PIMCO CIO says is underweight the US dollar vs. other G10 and EM
Andrew Balls, chief investment officer for fixed income at PIMCO comments Monday on the US dollar:"There's no guarantee that we're going to be short the dollar all the time, but today, (in) positioning we have dollar underweights versus G10 and EM"My guess is on average, we're going to have that over the next couple of years."dollar will keep its reserve currency statusAdded that some funds are overweight UK government bonds"We tend to be neutral and in some of our portfolios are a little bit ov... Read More
Posted: Jun 12 2023, 20:46
Author Name: forexlive
Views: 102788

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