Asian Investors May Offload $500 Billion of Dollars, SEB Says
- Dollar stockpile includes exporter hoarding, pension holdings
- FX rebalancing potential adds to weaker dollar view: analysts
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Asian investors are poised to sell as much as $500 billion of dollars into next year, putting further pressure on the US currency, according to Skandinaviska Enskilda Banken AB.
This stockpile has been built up in the form of deposits hoarded by Asian exporters, pension funds over-allocated to dollar-denominated assets, and relatively low levels of foreign-exchange hedging, strategists Namik Immelback and Dana Malas wrote in a research note.