Europe's Largest Asset Management Firm Reduces Dollar Holdings European Asset Management Giant Warns of Continued Weakening of the Dollar

According to a recent report on the UK Financial Times website, Boudson, CEO of the largest asset management firm in Europe—France’s Oriental HSBC Asset Management—stated that the company is reducing its investments in dollar-denominated assets and shifting its investment focus to Europe and emerging markets. On the 3rd, Boudson said in an interview that over the past 12 to 15 months, the company has significantly diversified its investments and advised clients to diversify their assets over the next year. He also warned that if U.S. economic policies remain unchanged, the dollar will continue to weaken. (CCTV Finance)