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 Exposure of Currency Hedge Funds Will hedge funds turn bullish on the U.S. dollar? Image: J.P. Morgan
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