Core Insights - Global official reserve managers are quietly reducing their reliance on the US dollar, but are not shifting towards traditional major currencies like the euro, pound, or yen [1] - According to Standard Chartered's analysis, recent IMF data shows that central banks and sovereign wealth funds are allocating part of their reserve assets to a broader category of "other currencies" rather than traditional major currencies [1] - This category includes currencies such as the Canadian dollar, Australian dollar, Swiss franc, and some highly liquid emerging market currencies, indicating a structural shift in how global official investors manage exchange rate risks [1] - The gradual diversification of reserves suggests a marginal weakening in global structural demand for US assets, but the lack of clear alternatives means short-term pressure on the dollar remains limited [1] - Meanwhile, the inflow of allocations towards the Australian dollar, Canadian dollar, and certain emerging market currencies may provide some support for these currencies [1]
渣打：全球储备管理者去美元对美元短期压力仍有限