外汇持仓与资金流向：审视美元流动叙事
2025-08-25 01:40
J P M O R G A N Global FX Strategy 20 August 2025 Alt FX Positioning & Flows Taking stock of the USD flow narrative Global FX Strategy Patrick R Locke AC (1-212) 834-4254 patrick.r.locke@jpmchase.com J.P. Morgan Securities LLC Octavia Popescu AC (44-20) 3493-5654 octavia.popescu@jpmorgan.com J.P. Morgan Securities plc Quarterly net long-term asset inflows by foreign investors. USD bns Source: J.P. Morgan, US TIC, Haver Figure 2: ...but this failed to preclude USD depreciation in May/June LHS: 6m sum of net ...