“新台币冲击”拉开美元衰落的序幕？

Group 1 - The core issue is the significant portion of overseas investors' assets in the US that remain unhedged against currency fluctuations, leading to structural problems that cannot be ignored [1][3] - The New Taiwan Dollar (TWD) appreciated approximately 10% against the US Dollar (USD) on May 2 and May 5, with the latter date marking the highest increase in 37 years, driven by speculation that Taiwan agreed to currency appreciation in US trade negotiations [2] - Concerns about the "New Taiwan Dollar shock" have made many investors skeptical about the return of previously flowing overseas investment back to the US, despite a recent trade agreement between the US and the UK [1][3] Group 2 - The CIO of a New York-based macro hedge fund noted that investors who had not hedged against currency risks began to sell their US assets or engage in hedging transactions due to the sudden market expectations of USD depreciation and TWD appreciation [2] - High levels of investment in US assets from overseas regions, including Taiwan, have been observed over the past decade, but many of these investments have not been hedged against currency risks due to the recent trend of USD appreciation [2][3] - Concerns over unpredictable trade policies from the Trump administration are causing unease among overseas investors, which may lead to a shift of funds from the US to other countries, potentially contributing to a weaker USD [3]