U.S. Dollar Exposure of Currency Hedge Funds Hedge funds have significantly increased their bearish bets against the U.S. dollar, reflecting widespread expectations that the dollar will weaken further against other major currencies. Image: J.P. Morgan
Currency Futures Positioning Despite already high U.S. dollar positioning, Goldman Sachs has upgraded its forecast for the U.S. dollar, expecting it to rally by about 5% in the next 12 months. Image: Deutsche Bank Asset Allocation
U.S. Dollar – Share of Global Currency Reserves Despite some countries seeking to reduce their dependence on the U.S. dollar, it remains the dominant global reserve currency, accounting for 58% of total reserves, significantly surpassing the euro at 19.8% and the yen at 5.6%. Image: Bloomberg
Total Cryptocurrency Market Capitalization The cryptocurrency market has witnessed significant growth recently, with its total market capitalization approaching US$4 trillion. Image: Gavekal, Macrobond
Cumulative Flows to Crytocurrency Funds In 2024, unprecedented inflows into cryptocurrency funds signal a shift in sentiment, as both retail and institutional investors increasingly embrace digital assets. Image: Deutsche Bank Asset Allocation
The U.S. Dollar As A Reserve Currency While the U.S. dollar’s status as the world’s reserve currency may evolve and share influence with other currencies, it is expected to remain a dominant currency for the foreseeable future. Image: BofA Global Research
Luxury Goods Coverage Constant Currency Revenue Growth The luxury goods sector is expected to grow by 4% in 2024, suggesting a slight decline in the luxury goods market compared to the previous year. Image: BofA Global Research
U.S. Dollar – Currency Returns Will the U.S. dollar underperform in 2023? Image: BCA Research
Estimated Currency Impact to S&P 500 YoY Sales Growth A strong U.S. dollar does not bode well for U.S. firms sales. Image: BofA US Equity & Quant Strategy
China – USD/CNY and EM Currency Index The RMB is expected to weaken relative to the U.S. dollar. Image: Alpine Macro
Cash – Currency and Deposits of DM Households Could the excess accumulation of cash drive global stock markets higher? Image: Capital Economics