Group 1 - The core viewpoint is that the Australian pension funds are expected to significantly expand their foreign exchange hedging scale in the long term, while predictions about the decline of the US dollar are considered premature [1] - The cost of hedging foreign exchange risks for Australian investors has not changed significantly recently, and the implied volatility of the AUD/USD exchange rate remains lower than that of the US stock market [1] - There is currently no evidence indicating that international investors are significantly reducing their holdings of US assets, suggesting that predictions about the demise of the US dollar and the end of Australia's hedging model may be premature [1] Group 2 - It is encouraging that so-called superannuation funds are still enhancing their ability to manage foreign exchange and liquidity risks [1] - Even though the average hedging ratio of superannuation funds has not changed much in the short term, the overall market's foreign exchange hedging scale is expected to grow significantly over the longer term [1]
澳洲联储副主席：养老基金外汇对冲将大幅增长 美元消亡论为时过早
Xin Hua Cai Jing·2025-09-16 06:43