瑞银资产管理：各国央行对美元和美国国债的信心面临考验

Core Insights - The status of the US dollar as the global reserve currency remains unshaken, but confidence in the dollar and US Treasury bonds is being tested by recent macroeconomic and geopolitical changes [1] - Approximately 30% of respondents have reduced or plan to reduce their holdings in US assets due to recent developments [1] - Geopolitical factors have become a primary consideration for reserve managers, marking the first time in history that this has shifted focus from monetary policy [1] - Nearly three-quarters of respondents identified trade wars as the biggest risk, prompting reserve managers to prepare for various strategies from foreign exchange hedging to liquidity buffers [1]