1542 GMT - The dollar retains its safe-haven status even as President Trump's widespread trade tariffs have led investors to diversify away from U.S. assets, says Blake Gwinn, head of U.S. rates strategy at RBC Capital Markets. "If you need liquidity in a time of stress you need dollar liquidity. There is no deeper or more liquid market," he says. Alternatives such as gold, European bonds or Japanese bonds could never provide the liquidity U.S. Treasurys and the dollar provide, he adds. Still, Gwinn says the U.S. has recently "lost some of its stability premium." The trend of 'de-dollarization' is worth watching but it is a longer-term story where the impact is likely to be marginal, he says. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
May 09, 2025 11:42 ET (15:42 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。