Core Viewpoint - The U.S. dollar remains the global reserve currency, and there is no opinion on whether it is overvalued [1] Group 1 - The statement emphasizes the continued dominance of the U.S. dollar in the global financial system [1] - The lack of a stance on the dollar's valuation indicates a neutral position regarding its current market status [1]

Core Viewpoint - The Federal Reserve's Williams emphasized that the US dollar remains the world's primary reserve currency [1] Group 1 - The US dollar's status as a global reserve currency is crucial for international trade and finance [1] - Williams highlighted the importance of the dollar in maintaining economic stability and confidence among global investors [1] - The dominance of the dollar facilitates lower borrowing costs for the US government and businesses [1]

Group 1 - The core viewpoint of the articles highlights the evolving dynamics of India-US relations, particularly in defense procurement, with India shifting from reliance on Russian military equipment to increasing purchases from the US [1][3][4] - US Commerce Secretary Raimondo emphasized India's openness to addressing US concerns and the potential for a bilateral trade agreement, with discussions scheduled for June 5 and a possible signing by July [3] - The historical context of India's defense procurement is rooted in its Cold War alliances, with a significant reduction in reliance on Russian equipment from 76% in 2009 to 36% in 2023, indicating a diversification of military partnerships [4] Group 2 - The articles discuss the criticism of the BRICS nations by former US President Trump, who warned against attempts to create a new global reserve currency and threatened high tariffs on non-compliance [3] - There is a recognition that India's participation in BRICS is strategic, allowing it to leverage its position for global governance reforms and to counterbalance China's influence, which aligns with US interests [4] - The commentary suggests that the US should acknowledge the complexity of India's foreign policy to foster deeper and more meaningful cooperation between the two nations [4]

Group 1 - Japan is unlikely to sell its large holdings of US Treasury bonds despite the recent drop in bond prices, as there are no better alternative investments available [1][2] - Japan, like other countries, prefers to hold US dollars for foreign exchange reserves rather than euros, due to the depth of the US capital markets and the strong technological competitiveness of the US [2] - The dollar remains the dominant global reserve currency, with a current share of 58% in global foreign exchange reserves, although this is the lowest level in decades [5] Group 2 - There are doubts about the euro's potential to replace the dollar as the world's primary reserve currency, primarily due to political fragmentation in Europe and the lack of depth in European capital markets [4][5] - The influence of the Chinese yuan is seen as more promising in challenging the dollar's dominance in Asia, with an increasing amount of trade being settled in yuan [5] - The euro currently accounts for 20% of global foreign exchange reserves, significantly lower than the dollar's share [5]

新华财经法兰克福5月27日电（记者马悦然）由美国政府带来的"关税迷雾"正引发全球资本避险偏好上升，欧元作为美 元替代性资产吸引力增强。日前，随着美国总统特朗普公布其对欧盟50%关税将生效，欧元兑美元再次强势，突破1.14 关口，逼近4月创下的三年新高。在欧元维持强势的趋势下，欧洲市场开始思考欧元是否有望成为下一个"霸权货币"。 欧元吸引力抬升快速升值 全球经济受到美国关税政策持续冲击，如何应对当前国际局势愈发凸显的"不确定性"已成为各地资本讨论的重点。美 元优先反映全球避险情绪，自4月至今，美元指数（DXY）在震荡中下跌5个百分点；美元与美国国债市场已出现结构 性脱钩：荷兰商业银行相关模型显示，10 年期美国国债收益率与 DXY 之间的 60 天相关性年初为 0.68，而如今为0。 值得注意的是，2025年初至4月22日，欧元兑美元从1.02飙升至1.1476，为三年来新高。欧洲央行指出，这并非利差推 动，而是"投资者对美国经济预期下降、美元资产信心动摇"。 图片来源：欧洲央行 近13%的振幅，欧元发生了什么？1月13日，欧元兑美元汇率一度跌至1.0198的低点。彼时投资者普遍担忧欧元区增长 乏力，以及美国经 ...

美国白宫：美国总统特朗普希望美元保持作为全球储备货币的地位。 ...

花旗首席经济学家：尽管对美国政策存在不确定性，美元仍然是全球储备货币。 ...