Fed's Hammack: No need to be overly dramatic about shift out of dollar
ReutersJun 24, 2025 2:59 PM
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.
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