Allianz International: De-dollarization and US fiscal concerns drive capital back to Asia

币界网报道:According to the Coinnet news, on June 26 (UTC+8), Christiaan Tuntono of Allianz GI said that concerns about the credibility of US policies and fiscal sustainability are driving capital flows to Asia. Concerns about a slowdown in the US economy have triggered a sell-off in Treasury bonds and the US dollar, prompting investors to diversify their investments into non-US dollar assets. De-dollarization is particularly beneficial to Asian economies, with strong regional foreign exchange allowing central banks to ease policy interest rates, while concerns about US fiscal debt have driven capital back to Asia. Since Asian entities hold about $8.6 trillion in US stocks and fixed-income assets, some of the capital repatriation will greatly boost Asian markets. Allianz International is optimistic about economies that are driven by domestic demand and open to interest rate cuts, especially China, India and Australia.

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