US EditionThe coming Asian FX ‘avalanche’
6 Articles
6 Articles
Dollar Faces $2.5 Trillion ‘Avalanche’ of Asian Sales
“The dollar may face a $2.5 trillion ‘avalanche’ of selling as Asian countries unwind their stockpile of the world’s reserve currency,” Bloomberg reports. “The greenback’s long-term appeal is coming under threat as Donald Trump’s efforts to remake the global trade order prompt investors to reconsider their U.S. exceptionalism trade strategies.”
Analysts Say $2,500,000,000,000 ‘Avalanche’ of Selling Could Hit US Dollar, Warn Trade Wars Threatening Greenback’s Appeal: Report
The US dollar could suffer a major sell-off by Asian investors and exporters triggered by trade tensions, according to a pair of macroeconomic and currency strategists. Eurizon SLJ Capital’s analysts Stephen Jen and Joana Freireat say in a new investment note that Asian investors have accumulated a massive pile of USD that could be ditched…
Analysts Say $2,500,000,000,000 'Avalanche' of Selling Could Hit US Dollar, Warn Trade Wars Threatening Greenback's Appeal: Report - The Daily Hodl
The US dollar could suffer a major sell-off by Asian investors and exporters triggered by trade tensions, according to a pair of macroeconomic and currency strategists. Eurizon SLJ Capital’s analysts Stephen Jen and Joana Freireat say in a new investment note that Asian investors have accumulated a massive pile of USD that could be ditched en masse if trade wars intensify and the dollar weakens, reports Bloomberg. According to the analysts, if t…
The US dollar could be hit by a sharp collapse, amid the risk that Asian countries will start a massive sale of reserves accumulated in this currency. According to financial analyst Stephen Jen and co-author Joana Freire, of Eurizon SLJ Capital, the Asia region holds dollar reserves worth at least $2.5 trillion, and their liquidation could cause a major shock to the global exchange rate. .Bloomberg notes. The analysis published on Wednesday warn…
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