US Dollar-Based Assets Unattractive: State Street Global Chief
According to State Street’s Global Chief Investment Officer, Lori Heinel, the rising US debt has made US dollar-based assets unattractive to investors, as shared by a Reuters assets report. US Treasury bonds, US stocks, or even simply holding dollars have become riskier or less appealing. President Trump’s tariffs may further fuel the movement away from the dollar, further strengthening the de-dollarization momentum. Are Tariffs A Blow To The USD? Source: dreamstime.com According to a CoreData survey conducted in May-June of this year, investors are reducing their exposure to the US. The data was collected from financial institutions that manage $4.9 trillion worth of assets. The survey found that 47% of respondents were strategically reducing their long-term investments in the US market. The development may lead to a substantial concern for the US dollar’s position. It may also lead to further global de-dollarization. Thierry Wizman, global FX and rates strategist at ...