Live Updates > Live Update Details
2025-09-17 15:19:10
Traders are losing confidence in the US dollar and are buying euros, yen, and gold. 1. A notable shift has recently occurred in financial markets: traders are losing confidence in the US dollar and are buying euros, yen, and gold. This behavior has not only undermined the US dollar's position as the world's leading reserve currency but has also directly contributed to its continued decline this year. 2. Unlike previous crises, when the US dollar tended to strengthen, 2025 marked a turning point—even in a highly uncertain environment, the US dollar failed to appreciate. This milestone reflects a structural shift in market perception of the US dollar. Since the 2008 financial crisis, the US dollar has been on a strong cycle, and global foreign exchange reserves have grown from approximately $7 trillion to $12-13 trillion, but this trend may be coming to an end. 3. If the US dollar continues to depreciate, central banks are expected to significantly adjust their foreign exchange reserve structure, gradually reducing the US dollar's share and increasing holdings of euros, yen, Swiss francs, British pounds, and renminbi. Central banks are also likely to accelerate their gold holdings—the recent sharp rise in gold prices may be an early sign of a rebalancing of reserve assets. This change will not only affect the currency market, but will also profoundly change the logic of global asset allocation.
