Institutional investors continue to withdraw US dollar assets, and the downward trend in US dollar demand may continue

Background information: Mark Dowding, chief fixed income investment officer at RBC BlueBay Asset Management, pointed out in the report that institutional investors continue to adjust their asset allocation, resulting in a decrease in demand for the US dollar. Main content: Mark Dowding said that this trend is likely to continue. If new market fluctuations occur, the US dollar may depreciate faster. This situation is partly due to market concerns that the US dollar has recently behaved more like a risky asset. Potential impact: The decline in demand for the US dollar and the possible accelerated depreciation may have an important impact on global financial markets.