法巴银行:欧洲养老金减少美元敞口
news flash·2025-06-12 13:07
Core Viewpoint - European investors are reducing their exposure to the US dollar, with further risks anticipated ahead [1] Group 1: Currency Exposure - Societe Generale analysts report that Dutch pension funds increased their foreign exchange hedging ratio by 3 percentage points in the first quarter [1] - Danish pension funds have cut their US dollar exposure by $37 billion this year [1] Group 2: Market Predictions - Societe Generale is betting on the euro strengthening against the dollar, with a target of 1.20 for the EUR/USD exchange rate [1] - Analysts indicate that Danish pension funds have become significant buyers of euros against the dollar as exchange rates rise [1]