Forex News The FT story suggesting the world's largest sovereign wealth funds, including China's SAFE, are seeking to scale back their USD exposure is attracting some attention. One Gulf fund is said to have reduced its USD holdings to 60% from more than 80% a year ago. RBC Capital Markets blames the report for the USD's dip in Asia. However, the USD has since showed signs of rebounding. EUR/USD now at $1.5852.
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