Two in three exchange rate managers feature that the Federal Reserve is in danger and almost half believe that the rule of law in the United States can worsen heavily, thereby significantly affecting their assets.

The results of the investigation emphasize the growing concern about the securities of the world’s number 1 reserve currency in the world and the largest bond market, given the US President Donald Trump’s controversy over his trade and attacks on the Fed.

Trump duties

Trump’s duties hit both the dollar and public bonds. It has also pressed the Fed to reduce interest rates and its advisers have made unorthodox ideas to control the growing US debt, Reuters notes.

Max Casteli, head of strategy and consulting for the global state -owned bond markets at UBS Asset Management, said the concerns showed that it was “very clear” how the duties had changed the view of the reserves for the dollar. “

In the future, 29% seeks to reduce their exposure to US assets in response to recent developments, according to the survey. In particular, over the following year, 25% of central banks said they expected to reduce their report on the dollar.

However, almost 80% of respondents expect that the dollar, which today represents 58% of foreign exchange reserves, will remain the global reserve currency.

In addition, next year, gold, which UBS ranked compared to other non -foreign property assets, will attract further interest, with 52% of central banks seeking to increase their reserves.