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Goldman Sachs Highlights Asian Currencies as Potential Beneficiaries of De-Dollarization Trend
Goldman Sachs Highlights Asian Currencies as Potential Beneficiaries of De-Dollarization Trend
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De-dollarization efforts are gaining momentum globally, with countries increasingly seeking alternatives to the U.S. dollar’s dominance. Goldman Sachs analysts Danny Suwanapruti and Rina Jio identify the Chinese yuan, Singapore dollar, and South Korean won as primary beneficiaries of this shift.
The move away from traditional reserve currencies coincides with growing interest in non-traditional assets. While the U.S. dollar and euro still dominate global reserves, market dynamics suggest a gradual redistribution of currency preferences.
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