ICYMI: PIMCO CIO says is underweight the US dollar vs. other G10 and EMAndrew 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 status
Added that some funds are overweight UK government bonds
- "We tend to be neutral and in some of our portfolios are a little bit overweight in the UK. It looks like there is value when we compare the UK with the U.S. or with Europe
"(The) inflation profile is not super different across the markets."
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: ICYMI: PIMCO CIO says is underweight the US dollar vs. other G10 and EM (https://www.forexlive.com/news/icymi-pimco-cio-says-is-underweight-the-us-dollar-vs-other-g10-and-em-20230612/)
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