Currency moves will “only increase”: Deutsche Bank on FX impact for UHNW portfolios

Asian ultra high net worth clients are engaging in a multi-year realignment away from USD-denominated assets, turning what began as geopolitical risk mitigation into a broader foreign exchange diversification strategy. Driven by ongoing conflict in the Middle East and shifting interest rate trajectories, Asian clients’ flows have shifted toward safe havens, such as the Swiss franc (CHF) and commodity-related pairs,…

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