Reported about 20 hours ago
The Bank for International Settlements (BIS) has raised concerns about a potential scramble for dollars, which could occur if investors begin to unwind large positions in the $113 trillion FX swap market, exacerbated by recent U.S. market volatility. With over $80 trillion in FX swaps held by non-bank financial entities, a rush to exit these positions may lead to a sharp increase in the dollar's value, particularly affecting those who have hedged their investments in other currencies. Recent market unrest and changing investor sentiments towards U.S. assets further amplify these concerns.
Source: YAHOO