渣打：储备管理者似乎仍在刻意增持美元

Core Viewpoint - The notion that the dollar's status as a global reserve currency is ending may be inaccurate, as reserve managers appear to be intentionally increasing their dollar holdings [1] Group 1: Global Forex Reserves - The total global foreign exchange reserves increased by $168 billion in the first quarter, with 54% of these reserves held in dollars [1] Group 2: Reserve Managers' Behavior - Reserve managers seem to be deliberately accumulating dollars during times of pressure to prevent larger appreciation of their local currencies [1] - There is a tendency for reserve managers to buy dollars when they are relatively cheap, anticipating potential market volatility in the future [1]