Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Franklin Templeton: True Competitor to USD Has Yet to Emerge
Recommend 3 Positive 4 Negative 1 |
||||
|
||||
|
Sonal Desai, Chief Investment Officer of Franklin Templeton Fixed Income, said that the dominance of the USD has long been in focus, but she believed that USD will remain the currency of choice. The USD's status is supported by three main pillars, naming the scale of the world's largest economy, the depth of US market and its institutional credibility. At present, there is no other reliable alternative currency in the market, it would take decades to build the institutional infrastructure necessary to support such a reserve currency. Desai further emphasized that the eurozone is currently unable to issue a unified safe asset on a large scale, while the RMB is constrained by capital controls and lacks full convertibility. Therefore, she believed that a real competitor to the USD has yet to emerge. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
