一项衡量货币需求的关键指标正引起华尔街的关注

Core Insights - A key indicator measuring currency demand, known as "cross-currency basis swaps," is gaining attention on Wall Street [1] - This indicator reflects the cost of exchanging two currencies beyond the implied levels of cash market borrowing costs, influencing the long-term foreign exchange hedging costs for global companies and investors [1] - Recent trends in cross-currency basis suggest a decline in interest for dollar-denominated assets, while interest in euro and yen-denominated assets is increasing [1] - The impact of U.S. tariff policies appears to have triggered a temporary withdrawal from dollar assets, posing a challenge to the dollar amid growing skepticism about its global financial dominance [1]