Fed's Hammack: No need to be overly dramatic about shift out of dollar
LONDON, June 24 (Reuters) - Cleveland Federal Reserve Bank President Beth Hammack on Tuesday said she saw no move underway by investors to abandon the U.S. dollar, but its weakening this year reflects shifts to a more neutral weight within investment portfolios from a substantial overweight.
There's no need to be "overly dramatic" about a shift out of the dollar, Hammack said at an event in London.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Recommended Articles
Featured Tools
Top News
Precious Metals May Outlook: After U.S.-Iran Conflict Concerns Eased, Will Funds Flow Back to Gold and Silver?

Intel vs. TSM: Which Semiconductor Stock Looks Like the Better Investment?

ORCL Stock: Why Oracle May Be the Beaten-Down Tech Giant Ready for a Comeback

What Is Intel, and Is Its Stock Still a Worthwhile Investment?

POET Technologies Stock Could Still Surge in 2026, but the Bar for a Breakout Is Higher Now

Tradingkey






