Bank of America survey: More investors believe the dollar is overvalued.

The latest global fund manager survey from Bank of America shows that more investors believe the US dollar is overvalued in December. About 53% of investors say the US dollar is overvalued, compared to 45% in the November survey. The survey also shows that investors are still underweight the US dollar compared to historical levels. Shorting the US dollar is considered the third most crowded trade. Going long on the "Fabulous Seven" US stocks is seen as the most crowded trade, followed by going long on gold.