About 31% of institutional investors are "Short" on the US dollar, the highest level in 20 years, according to Bank of America.
This has fallen by about 52 percentage points in the last 5 months.
Additionally, the net positioning of asset managers and leveraged funds in the US dollar has dropped to near its lowest level in 3 years.
As a result, the US dollar index has fallen 9% year-to-date, marking its worst performance this century.
This puts the US dollar on track for its largest decline in the first half of the year since 1986.
The US dollar is historically unpopular at the moment.