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

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 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.”