‘America sell trade’: Who is behind the sinking of US dollars

• The US dollar has been close every year, is 9% less than a year. Although the stock market goes down, the productivity of the treasures remained high – the opposite of investors’ normal expectations. Some accuse Japan and China to sell the US gardens. Others believe in accusing the release of positions not working in the bonds. But analysts and economists say Fortune As long as the White House continues to create economic uncertainty, everyone intends to escape from the dollar.

After the US dollar value yesterday after the President Trump, the federal careful Jerome Powell said that 9% of the “reserve currency” ended 9% compared to the DXy index of foreign currencies.

This raises a question: Who sells dollars or why is the selling assets sell?

Primary doubts targeted Japan and China. After all, both of the export markets are harmed by Trump’s Traditional War and are the first and second largest foreign owners of the US treasures. Perhaps these countries tried to send a message to Trump: Remember, we can hurt you!

But the sources explain Fortune There is no evidence that both countries are deliberately tank.

And perhaps surprisingly, so there is no very evidence Hedging funds with liquidity issues were forced to open suddenly levered odds These sources say that these sources are about bonds forcing the latest sales that lower the dollars.

On the contrary, sin lies with everyone

Changing Trump’s CHOP economic ads have created so many global uncertainty that investors in all assets, bonds and currency are withdrawn from the United States.

Japan sells a lot smooth its foreign bond holdings – this He threw $ 20 billion Recently – “Oxford Economy, not only US treasures, John Canavan.” Because the treasures are generally seen as a good proxy because of Japan’s foreign bond holdings. “

But “It’s not clear that” it is not clear that China and / or Japan are responsible for the sale and variability of the last treasury market.

Not Hedge Foundations

Canavan also does not seek the theory of the hedge fund.

“Early suspicions announced by a large business, the liabilities of traders from CFTC for the past two weeks did not cause any evidence of any major trade,” he said Fortune.

Colleagues in Goldman Sachs are partially agreeing.

Customers published on April 22, the delighters Kamakshya Trivedi and Dominic Wilson said: “There are many more evidence that the laundry of the flowing is not visible, although there are more evidence that bragging (swap spreads spread) role.”

In fact, Japan and Japan are interested in not selling bonds, because it only needs stable assets and will cause the currencies to increase the currencies, which in turn harms export markets.

“For example, take a porcelain”, “Kevin Ford, FX & Macro Strategy Convera.

“As the second largest foreign lender of America, as Japanese largest foreign lenders, about $ 780 billion in treasury securities.

“Hedgehogs can add fuel to the fire on the other side. As the bond gains sales speed, margin calls, especially the bond trade, especially the bond trade can receive compulsory funds to cancel the treasures, especially to raise money with trade.” Fortune.

Everyone wants to remove Hell from Dodge

In fact, there is a simpler explanation: the dollar decreases and is given product on US bonds because everyone is literally anyone On the planet – currently wants to get hell from Dodge City.

Includes stocks, bonds and currencies. Changing his mind with his clock in trade policy and changing the headquarter to the headquarterly, all kinds of investors are exposed to a nation that they are now assessing a safe shelter as a risk asset.

This indifference to the United States has even been showing on traffic ways. With the reciprocity of trade, the number of “empty sails” by the ocean loaders has doubled by the number of “empty seals” and the supply chain platform. When the blank sails plan a route a shipping line and then completely cancel it or throws a port on this route.

“The East Coast has been established in the last week of May 24 to see an empty sailing peak, in February, 21%, 31% increase, 31% increase, 31% increase.

Although shipping does not affect direct dollars, this is a world-visible symptom that is made to do business to the United States

The Wedbush Analyst, which covers the Tech market, has a name for Daniel Ives, even for this. Customers dated April 22 called him a note “selling America’s trade.”

“This Tariff / Trade War deficits us technology in knees and helps the steam technology.”

As long as the trade war continues, according to Goldman Sachs, wait for the dollar will continue to decrease.

“We believe that the dollar assets have a place to reconfigure the risk and reward and the USD has a place to wait for the decline in time,” he said.

This story was first displayed Fortune.com

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