Amidst the tense atmosphere of trade tensions and other factors, the safe haven aura of the US dollar has dimmed

律动BlockBeats
律动BlockBeats|May 06, 2025 11:13
According to BlockBeats, on May 6th, over 55% of the 83 respondents surveyed by Reuters from April 30th to May 6th expressed concerns about the safe haven status of the US dollar, a significant increase from about one-third in the April survey. However, most people admit that there is currently no clear alternative. I am very concerned, "said Steve Englander, Global G10 Forex Research Director at Standard Chartered Bank. If you had asked me this question two months ago, I would have said that for the US dollar, stimulus is the first important thing, and funding - whether or not they actually receive income - is secondary. It is now clear that the market is more concerned about the long-term fiscal path Erik Nelson, a macro strategist at Wells Fargo Securities, said, "We are more bearish on the US dollar in the second half of this year. More people will recognize the weak hard data in the US, and the Federal Reserve will initiate interest rate cuts, withdraw US assets, and concerns about the Fed's independence may resurface, just like market pricing Brian Rose, senior US economist at UBS Global Wealth Management, said, "Everything depends on the independence of the Federal Reserve. If anyone is worried that the Fed is losing its independence, it will seriously weaken the safe haven status of the US dollar." "We see the Japanese yen or Swiss franc benefiting from the current situation, and they are to some extent a backup safe haven
+4
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads