?Danny Suwanapruti, a strategist at Goldman Sachs, has recently highlighted a significant shift in global currency reserves. In a note dated April 30, 2025, co-authored with Rina Jio, Suwanapruti observed that while the U.S. dollar and euro remain dominant reserve currencies, central banks are increasingly diversifying into Asian currencies such as the South Korean won, Singapore dollar, and Chinese yuan. This trend is driven by geopolitical uncertainties and a desire to reduce reliance on traditional reserve assets.
Goldman Sachs analysts, including Suwanapruti, estimate that the U.S. dollar is overvalued by approximately 17%, prompting a reevaluation of reserve allocations. Factors contributing to the attractiveness of Asian currencies include South Koreas anticipated inclusion in the FTSE World Government Bond Index, Singapores AAA credit rating and stable financial environment, and Chinas efforts to internationalize the yuan through initiatives like expanding UnionPay services and enhancing its Cross-Border Interbank Payment System (CIPS).
美债是一个原因
https://longportapp.com/en/news/238269483?utm_source=chatgpt.com?
https://moneyandbanking.co.th/en/2025/169992/?utm_source=chatgpt.com
