Institutions: Investors Continue to Divest Assets from the Dollar

Mark Dowding, Chief Investment Officer of Fixed Income at RBC BlueBay Asset Management, stated in a report that the company continues to hear about changes in asset allocation, leading to reduced demand for the dollar. He noted: This trend may continue. If a new round of volatility occurs, the dollar may depreciate at a faster pace. He mentioned that this could be due to concerns that the dollar has been trading more like a risk asset in recent months. (Jin10)